After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California.
  • MNByChoice@midwest.social
    ·
    10 months ago

    Can't they do a 1039 exchange, stepping down about $500K each time?

    Edit: no, you cannot go smaller. https://www.kiplinger.com/real-estate/1031-exchange-rules-you-need-to-know