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Updated almost 8 years ago,
1031 in a duplex that I live in
I know that 1031 exchanges are only for investment properties, and that you don't have to pay capitol gains on the first $250000 for your primary residence (if you're single).
So if I have lived in a duplex and rent out the other side for the last 6 years, how does that work for a 1031 exchange.
Can I take out the first $250000 as a primary residence sale, and then use a 1031 exchange on the remainder of the cap gains?