Selling Live-In Duplex Due To Relocation: 1031 Exchange, Taxes?

[Michael S.]

Hi,

I'm looking to possibly sell my house in New Jersey due to an out of state job relocation. The house is a 2-family duplex that I live in as a personal residence while also renting out a unit. I have almost lived in the house for 2 years, but the relocation will likely take place a month or so before I've been there for 2 years. Profit post-sale after accounting for all expenses may be around $30-60K. A few questions:

* I know profit for homes that are lived in 2 out of the last 5 years are tax free up to $500K. How would this apply for a mixed rental / primary residence?

* Is there a 1031 exchange possibility with this home?

* Do I have an exception to the 2 year rule due to me being relocated to another state due to a new job?

Thanks!

Mike