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Updated almost 2 years ago,

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11
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8
Votes
Dorian Gray
8
Votes |
11
Posts

Converting 1031 property into a primary residence

Dorian Gray
Posted

I’m considering getting out of real estate investing. The thought came to mind of selling my properties (4) and getting a single family residence, renting that out for a couple years and then moving into it, converting the property into a primary residence and then after living there for a few years selling it, hoping to not pay taxes on the gains since it is a primary residence. Is this legal? Is it capable of being done?

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