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Updated almost 18 years ago,
1031 Scenario - Question
If a individual is selling a property that at one time was a primary residence, but has since been rented out to individuals. Can that person apply for a 1031 exchange for a property of equal value?
I haven't read the language concerning a 1031 as of yet in detail but my question is that could a person do this sort of like the 2.5 year primary resiedence exclusion (Differing capital gains on a primary residence). Renting it out for a short period and then moving in?