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Updated over 1 year ago on . Most recent reply

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Glenn McCrorey
  • Investor
  • Cedar Rapids, IA
407
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1031 Exchange question

Glenn McCrorey
  • Investor
  • Cedar Rapids, IA
Posted

Does anyone know if I do a 1031 exchange selling a rental property and buying another one, then move into the other property after renting it out for a period of time and make it my primary residence what happens when you eventually sell?  Tax free up to the limit or taxable based on the numbers from the exchange.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Dave Foster will know.

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