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Updated 8 months ago, 04/18/2024
1031 like kind exchange requirements
Hello! I have a single-family home that is my primary residence. Would i be able to avoid capital gains by selling it, then using a 1031 exchange to buy a multi family unit that i plan to also occupy? Also, this has only been my primary residence for a few months because I recently sold my other primary residence—not sure if that makes a difference. Thanks in advance!