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Updated over 5 years ago,
1031 exchange for one unit in a 2 family house.
Upon selling my valuable 2 family house in which I hold the deed , do I qualify for a 1031 exchange on my rental unit (which was originally occupied by us but has been rented out for the last 5 years) as well as qualified to use the $500K exemption from capitol gains tax on my residential unit?
Thank you for any and all responses......