South Carolina 1031 Exchange – What Are the Requirements for a 1031 Exchange in SC?

My name is Whitney Brennan with IPX1031 and today we’re going to talk about the 1031 exchange in the state of South Carolina.

If you’re a non resident selling investment property in South Carolina, there’s a withholding you need to be aware of and you need to plan for it at closing. Your settlement agent is going to withhold funds unless you fill out a form stating you get an exemption and 1031 is a valid exemption.

So you need to work in advance with your settlement agent if you’re a non resident selling investment property in South Carolina to make sure that the I95 form is filled out and submitted at closing so they will not withhold funds from you at closing.

Please feel free to give me a call and we can meet you together to ensure you have a successful 1031 exchange.

Thank you.

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