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Updated about 7 years ago,

Matt S.'s profile image
Matt S.'s profile image
Matt S.
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Nov 8, 2017
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User Stats

67
Posts
29
Votes
Matt S.'s profile image
Matt S.'s profile image
Matt S.
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Nov 8, 2017
Connect
Matt S.
  • Rental Property Investor
  • Brooklyn, NY
29
Votes |
67
Posts
1031 Exchanges

Primary Residence Turned Rental - 1031 Exchange?

Matt S.
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi All-

I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain period of time? Also, does it matter that it's in my name rather than an LLC?

Matt

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