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1031 Exchanges
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Updated about 7 years ago,

User Stats

46
Posts
9
Votes
Rachel Zhang
  • Investor
  • Fremont, CA
9
Votes |
46
Posts

Is the property required to be 2 years rental for 1031 exchange?

Rachel Zhang
  • Investor
  • Fremont, CA
Posted

I am selling a property which I have held for over a year. The majority of this period was used to evict the nonpaying tenant. We do have a judgement against the tenant over this. Can i use the proceeds to buy 1031 exchange property? Does the property have to have a rental history for two years? Could I be under the risk as a "dealer"   The QI said that it depends on my CPA's opinion.  I am confused. Thanks for anyone 's input and advise. 

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