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Updated about 1 year ago on . Most recent reply

User Stats

8
Posts
5
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Thomas Solorio
  • Rental Property Investor
  • Desert Hot Springs, CA
5
Votes |
8
Posts

1031 Exchange non-owner occupied to owner occupied

Thomas Solorio
  • Rental Property Investor
  • Desert Hot Springs, CA
Posted

I am interested in using a 1031 Exchange to go from 2 non-owner occupied single family homes to one owner occupied duplex, where I live in 50% and rent out 50%. I’m also thinking to use my triplex instead of the 2 sfr’s but not sure if I want to go that route just yet. anyone know of any new rules regarding this in California? 

Most Popular Reply

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757
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1,041
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,041
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757
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

@Thomas Solorio

Reach out to a 1031x coordinator or a title & escrow company that offers that service for advice.

I'm pretty sure going to your primary home would have unpleasant tax implications.

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