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Updated over 2 years ago,
1031 Exchange related parties
My mom purchased a SFH for investment purposes and my husband and I have been renting from her. She bought the property doing a 1031 exchange using the trust that I am a beneficiary of. My husband and I are not looking to buy our own property yet. can my mother sell the property we are currently in and buy a slightly more expensive property that we then would rent, again by a 1031 exchange. My husband and i have been in the current home >2 years.