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Updated over 7 years ago on . Most recent reply

User Stats

88
Posts
9
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Henley H.
  • Jackson, WY
9
Votes |
88
Posts

1031 investment property and rent primary residence?

Henley H.
  • Jackson, WY
Posted

I will be selling my property with two homes on it- one has been my primary residence and the other a rental.  I would like to take what will be approximately 1/2 of the sale profits (those attributed to the rental home) and do a 1031 exchange with a new home that I will then rent out.

I hope to then rent a place of my own in another town.

Would this be alright?  Thanks in advance!

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