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Updated over 7 years ago,

User Stats

12
Posts
3
Votes
Clayton Crouse
  • Investor
  • Tucson, AZ
3
Votes |
12
Posts

Can I 1031 Exchange in this Situation?

Clayton Crouse
  • Investor
  • Tucson, AZ
Posted

BP Community,

I am in the military and am getting deployed soon.  As a result I am moving my family from Tucson back to ABQ, NM and into a property we currently own outright.  We had leased the property for the preceding 3 years.  My question is if I move my family back into the property for the duration of the deployment, can I still 1031 exchange it when we are ready to sell in the future or do I need to lease it out again prior to the exchange?

Thanks for any/all help...

CE

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