Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Can I 1031 Exchange in this Situation?
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