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Updated almost 3 years ago,

Derick Bonsu's profile image
Derick Bonsu's profile image
Derick Bonsu
  • Investor
  • from Washington, DC
  • Member since Jun 12, 2018
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Derick Bonsu's profile image
Derick Bonsu's profile image
Derick Bonsu
  • Investor
  • from Washington, DC
  • Member since Jun 12, 2018
Connect
Derick Bonsu
  • Investor
  • Washington, DC
54
Votes |
93
Posts
1031 Exchanges

Can I actually do 1031?

Derick Bonsu
  • Investor
  • Washington, DC
Posted

I have a townhome in NJ. It was purchased as a primary residence but has not been used that way for over 8yrs now. It has been a rental for the last 8yrs. Is my understanding that 1031 can only be done on a property that was purchased as an investment accurate?

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