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Updated about 7 years ago on .

User Stats

54
Posts
23
Votes
Cedric Van Duyn
  • Rental Property Investor
  • Gig Harbor, WA
23
Votes |
54
Posts

1031 Exchange or No?

Cedric Van Duyn
  • Rental Property Investor
  • Gig Harbor, WA
Posted
Hey BP Community, We have a home that has been in the family and has not been declared as a rental for tax purposes due to various family members and friends living in it. It has come time to sell, and the question is whether or not we need a 1031 Exchange in order to avoid Capital Gains Tax? Thank you so much for any help!! Cedric