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Updated about 2 years ago,

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3
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RM Jay
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3
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Split use /STR for future 1031 exchange

RM Jay
Posted

I am in the process of converting our home to STR for 24 months to qualify for a future 1031 exchange. The house is in CA. I also have plans to convert a detached garage to ADU. My plan is to have home on STR with ADU for very limited personal use. This will not be my primary residence. Would IRS consider the ADU part of the main home and limit my use of the ADU for 14 days/10% of rental period to qualify for 1031 Exchange when I sell the house.
Thanks

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