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Updated almost 5 years ago,
1031 condo to 2 unit and live in one?
I’m selling a rental condo and looking for replacement property. I found a single family home with an in-law that would be great for us as a primary residence. Is there a strategy that would make it possible to 1031 into this, making the in-law portion my 1031 rental replacement and the main house my primary residence?
My existing primary residence would then become a rental.