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Updated about 2 years ago,
Mother Daughter ADU to Duplex 1031 house hack exchange
Was listening to On the Market episode 64 and Amanda Han stated that 1031 exchanges could work on house hacks. Anybody know if this could apply to a mother daughter Adu to a duplex? The Adu was rented by family so that did make it a legal Adu. By theory, that should qualify it for the 1031 in regards to it being an investment property right? It fits the other 2 criteria I'm aware of. Lived in the property for 2 of the 5 years and it was a double closing exchange of properties.
By your understanding, would this qualify for a 1031 exchange? We already know we qualify for the capital gains exclusion per our CPA.