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Updated almost 4 years ago,
1031 exchange to a lot from a newly constructed SFH
Hello,
We bought a lot in Austin and constructed a SFH (actually an ADU) on it. We are planning to sell the ADU in June and move on to another project (most likely a lot again with or without a house on it). My question is can we do a 1031 exchange for this ? If yes what should I keep in mind to do this transaction in a smooth manner.
TIA