Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Daniel Miller
  • Glendora, CA
0
Votes |
3
Posts

Can I 1031 a residential property?

Daniel Miller
  • Glendora, CA
Posted
Hello, I am helping my father in law sell his home in CA. He wants to 1031 his home, is this an option? If so, how should he go about it? I am not a licensed agent yet, I just want him to have as much info as he can with his FSBO listing. Thank you!

Most Popular Reply

User Stats

1,425
Posts
1,479
Votes
Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
1,479
Votes |
1,425
Posts
Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
Replied

Is it his primary residence?  If so, he cannot 1031 it.  the 1031 exchange is for investment property.

However, he can sell his primary residence after living in it for 2 of the last 5 years and roll over $250K in gains ($500K if married) without paying capital gains taxes on it.  You can consult your accountant for more specifics.

Loading replies...