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Updated over 5 years ago,

User Stats

2,596
Posts
2,150
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Luka Milicevic
Agent
  • Real Estate Agent
  • Nashville, TN
2,150
Votes |
2,596
Posts

Question for all my 1031 heroes

Luka Milicevic
Agent
  • Real Estate Agent
  • Nashville, TN
Posted

Let's say I sell a rental property (Single fam) at a profit and decide to do a 1031 to another single fam. Let's say it checks out and it qualifies as a like kind exchange. 

I then decide to live in the house and it ends up qualifying over time as a primary residence for tax purposes. I then sell the house. What happens to the 1031 gains?

Any thoughts you can add would be extremely appreciated.

I'm not in this situation right now, I just thought about it today and I'm curious. 

  • Luka Milicevic
business profile image
Middle TN Home Alliance
5.0 stars
17 Reviews

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