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Updated almost 5 years ago,

User Stats

2
Posts
1
Votes
Brett DeVita
  • Investor
  • Chambersburg, PA
1
Votes |
2
Posts

SFH qualify for 1031 Exchange?

Brett DeVita
  • Investor
  • Chambersburg, PA
Posted

I recently closed on a single-family home that I planned to renovate and rent out. But now I'm considering selling it and rolling into a larger rental property through a 1031 exchange. I want to make sure this qualifies as "like-kind". So where does the IRS draw the line on considering something a rental property? 

Considering the fact that my original intent was to buy and hold... When does the IRS view this as a fix & flip and disqualify it?

Thanks for any feedback!

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