“If I buy more than one new property, how do I allocate my tax basis between them?”
Since your tax basis rolls over from the old property to the new, you would allocate your basis between multiple properties on a pro-rata basis.

For example, if you sell your Old Property for $100,00, which has a basis of $50,000, and you buy two new properties; one for $60,000 and one for $40,000; your $50,000 basis would transfer pro-rata. This means that the basis of the $60,000 property will be $30,000 and the basis of the $40,000 property will be $20,000.

--The Experts

	Tee-Shots is a hole-in-one!  Tee-shots allows me to relay the messages associated with 1031 exchanges, and to dispel the myths. You guys hit a hole in one every time. I had Gary on my radio show and he was great. Keep up the good work! Bill Iannelli Radio talk show host and Associate Broker, American Realty Brokers Phoenix, Arizona

TEE-Shots are Tips from the Exchange Experts that are designed to make you think about, and ask questions about, the 1031 exchange process.