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Updated over 5 years ago,
1031question - residency and rental on same property
Newbie here.
I am closing on the sale of my rental property (a two family row house) and weighting my next options: cash out and pay the capital gains tax for my next home or find another investment property for a 1031.
During my initial research I found a particular property that has a main house (where my family could potentially live in), a small cottage that is currently being rented, and a three car garage with two apartments.
Would this qualify under a 1031?