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Updated almost 4 years ago,

Teresa Wang's profile image
Teresa Wang's profile image
Teresa Wang
  • Member since Nov 1, 2019
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Teresa Wang's profile image
Teresa Wang's profile image
Teresa Wang
  • Member since Nov 1, 2019
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Teresa Wang
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1031 Exchanges

1031 Exchange - investment property qualification

Teresa Wang
Posted

I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage.  In Aug. 2020 to now, I tore it down and rebuilding a bigger house on the property.  Since I rented it out before I did the fix and flip, would this property be treated as an investment property for the purposes of a 1031 Exchange?  

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