Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

16
Posts
6
Votes
Mary Chen
6
Votes |
16
Posts

Can I go into a 1031 and live in it?

Mary Chen
Posted

Can I convert a 1031 property back into a property I can live immediately after I complete the 1031 transaction?

Most Popular Reply

User Stats

1,819
Posts
901
Votes
Scott Wolf
  • Lender
  • Boca Raton, FL
901
Votes |
1,819
Posts
Scott Wolf
  • Lender
  • Boca Raton, FL
Replied

@Mary Chen, yes.  Just be prepared to pay your capital gains tax on it.

Without actual extenuating circumstances, the IRS will not let that go lightly.

  • Scott Wolf
  • Loading replies...