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Updated over 9 years ago on . Most recent reply

User Stats

328
Posts
101
Votes
Carson Sweezy
  • Rental Property Investor
  • Fairfax, VA
101
Votes |
328
Posts

Primary Residence Tax Referral Duration

Carson Sweezy
  • Rental Property Investor
  • Fairfax, VA
Posted

I am looking for some tax advice on the sale of a residential property, non investor owned. 

A client of mine is looking to sell his home, and move in with his girlfriend. They plan on buying a place in the near future, but are not ready yet. I understand that for investors there is a short 45 day period with which to "identify properties" under IRC Code 1031. 

What is the time period that regular people have when they sell their primary residence? I have heard multiple things. 

Thank you for the replies. 

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