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Updated over 10 years ago on . Most recent reply

Jon Klaus's profile image
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Jon Klaus
  • Developer
  • from Garland, TX
  • Member since Dec 18, 2008
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Jon Klaus's profile image
Jon Klaus's profile image
Jon Klaus
  • Developer
  • from Garland, TX
  • Member since Dec 18, 2008
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Jon Klaus
  • Developer
  • Garland, TX
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1031 Exchanges

1031 Exchange into new construction on property I already own?

Jon Klaus
  • Developer
  • Garland, TX
Posted

I'm thinking of selling a rental home I've owned for 5 years.  Can I 1031 exchange it into a new building to be built on my ranch?  The ranch is my homestead, but I also have other rentals on the property. 

If so, must I rent out the new building, or can I use it for farm/ranch purposes?

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