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Updated over 8 years ago,

User Stats

92
Posts
9
Votes
Raza Rizvi
  • Rental Property Investor
  • New York, NY
9
Votes |
92
Posts

Primary Residence that was rented for a year

Raza Rizvi
  • Rental Property Investor
  • New York, NY
Posted

Hello RE community,

I had a question regarding the sale of my property. I lived in my primary residence but then welcomed a child last year so we rented it. It has been a year since the apartment was rented. I am planning to sell it and was wondering if I can still treat it as a primary residence (even though it was rented for a year) or will I need to do a 1031 exchange?

Any help would be appreciated. The apt is in Manhattan, NY

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