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Updated almost 6 years ago on . Most recent reply

User Stats

8
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Joe Kahn
  • Denver, CO
0
Votes |
8
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Primary residence+AirBnB - Can sale proceeds be used for 1031?

Joe Kahn
  • Denver, CO
Posted

Hi everyone,

My question is if I about using sale proceeds for a 1031 exchange, from the sale of a primary residence that is also being used for AirBnB ?

The situation is as follows:

I moved into my primary residence in June 2018

Have also used it as AirBnB STR since October 2018

STR days in 2018 were 37 (income reported on 2018 Form 1040 as "Personal Property Rental Income")

STR days in 2019 to date are 69

If I sell the house this year, can I use any of the money from the sale for a 1031 exchange?

Thanks in advance.

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