Rolling Equity From a Second Home to Investment Property

[Nathaniel Yip]

Can a second home be rolled into an investment home property either using 1031 or if there is a tax shield like primary homes? This second home has only been owned for a little over a year and has gained some equity. If this is state dependent I’m in CA.

I think I remember something about it having to be reclassified first for a certain amount of years first.