If removed from the exchange or converted, the tax is due. There are many innovative solutions that the 1032 Exchange offers and I am glad to make a personal introduction to a qualified intermediarie that you may consider to help you determine whether a tax deferred exchange is right in considering the sale a property one owns and the purchase of a replacement property.
1031 Like Kind Tax Deferred Exchange
1031 TAX DEFFERED EXCHANGE
A 1031 Exchange is an IRS accepted way of deferring the payment of capital gains tax on an investment property when one buys another, "Like kind" property and employs it into investment service for an acceptable period of time.
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AVOID THESE 1031 PITFALLS
LIKE KIND DEFINEDED
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