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Updated over 3 years ago,

Gary Jellis's profile image
Gary Jellis's profile image
Gary Jellis
  • Investor
  • from Rncho Cordova, California
  • Member since Sep 22, 2017
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1
Votes
Gary Jellis's profile image
Gary Jellis's profile image
Gary Jellis
  • Investor
  • from Rncho Cordova, California
  • Member since Sep 22, 2017
Connect
Gary Jellis
  • Investor
  • Rncho Cordova, CA
1
Votes |
4
Posts
Buying & Selling Real Estate

1031 Exchange rental to New rental then to Principle Residence?

Gary Jellis
  • Investor
  • Rncho Cordova, CA
Posted

Can I use a 1031 Exchange to buy another house, then "put it in service as a rental" for a short period of time of 6 to 12 months. After renting it for 6-12 months, then evict the tenants and move in as my new principle residence.  I will then sell my old principle residence with no capital gains?  Is this legal under 1031 Exchange rules?

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