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Updated over 4 years ago,
Sales contract .... correct verbage, reference 1031
New to BP ... so, thank you in advance for your responses.
I have owned a SFH 1031 exchange property for exactly 5 years, two of which i used as my "Primary" residence. I am now selling and want to take advantage of 1031 / 121. What reference to 1031 if any, does my lawyer need to include in the sales contract to make sure I comply with the rules. I am located in CT.