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Updated about 6 years ago on . Most recent reply
![Aaron Millis's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/569706/1621492809-avatar-aaron23.jpg?twic=v1/output=image/crop=1958x1958@0x126/cover=128x128&v=2)
1041 exchange question here
Hi BP,
So I know that the jist of the 1041 exchange is that you can keep deferring your capital gains tax when selling properties and buying new ones. I also know I've heard that if you live in a property for 2 of the last 5 years that you don't have to pay any capital gains tax up to 250K if you're single 500K married.
My question: Is it possible to combine the two? So you buy a few properties doing the 1031 exchange each time until you trade up to 4 plex that you fix up on the beach. You live in that 4 plex for 2 years and then sell for a 250K gain. Do you get to keep all of that? Thanks.
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![Aaron K.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/349588/1621445918-avatar-aaronklatt.jpg?twic=v1/output=image/crop=2448x2448@407x0/cover=128x128&v=2)
you can only 1031 for like kind property so you might be toeing the line with buying a house hack at the end as it would also be a primary residence. However after living there the gains should be tax free.