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Updated almost 7 years ago,
1031 from rental property to land development project/flipping?
Hi, maybe this scenario discussed before.
i have rental property in Florida (via turn-key provider);
i am thinking to sell it to join land development project local in CA and if there's extra gain, i will invest the rest to my flipping business (just started).
is this scenario qualified for 1031, ? if not, any advice on how to minimize the capital gain tax as much as possible?
thank you in advance for all the responses.
regards
Indra