Many taxpayers (and tax advisors) are under the misconception which the IRS mandates that they will need to have equal or better credit card debt on their 1031 Trade Alternative Property (residence taxpayer is purchasing). Special Principles for Depreciable Property Specific rules apply each time a depreciable property is exchanged. https://devinrafko.eedblog.com/35890264/5-simple-techniques-for-1031-loan