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Updated almost 7 years ago,

User Stats

52
Posts
8
Votes
Aaron Kaplan
Pro Member
  • Camas, WA
8
Votes |
52
Posts

1031 from a PERSN'L RESIDENCE to Commerical MFR? Possible y/n?

Aaron Kaplan
Pro Member
  • Camas, WA
Posted

Wanted to find out if one can 1031 from a personal residence to a Commercial MFR? I thought that was a no-no but perhaps it IS allowed?if Not, how long would one have to rent out the personal residence (treat as a rental and hence a like kind) in order to then qualify as "like kind" for an exchange.

My dad has a house in suburbs of Boston and isnt selling soon but would be good to know how to dispo if he wants to do a 1031 eventually...

Any help from the BP congoscienti would be fantastic.

Thanks in advance.

  • Aaron Kaplan
  • Loading replies...