Posted on: 27th Aug, 2021 09:17 pm
Hello. How do you do the Moore Marsden calculation if there is a 1031 exchange?
I purchase 3 properties in Victorville, CA in 2009. In 2015 got married. In 2016, refinanced the properties. In 2018 exchanged the 3 properties in Victorville for one property in Van Nuys, CA through a qualified 1031 exchange. In 2021 I filed for divorce. All titles, loans, deeds, exchanges were done solely under my name. The rent's were mostly enough to cover the mortgages. Would this be considered separate property? if Not, how does the calculation work on this scenario?
I purchase 3 properties in Victorville, CA in 2009. In 2015 got married. In 2016, refinanced the properties. In 2018 exchanged the 3 properties in Victorville for one property in Van Nuys, CA through a qualified 1031 exchange. In 2021 I filed for divorce. All titles, loans, deeds, exchanges were done solely under my name. The rent's were mostly enough to cover the mortgages. Would this be considered separate property? if Not, how does the calculation work on this scenario?