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Updated over 5 years ago on .
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Can you do a1031 exchange on a flip?
I am new to this and have heard of the 1031 being used to avoid paying taxes!
Can you put profits from a flip, (which is usually considered capital gains), into a 1031 to avoid taxes?
Essentially this question doesn’t make sense, because the idea of flipping is for short term money now, etc, however I am asking if I can 1031 into a primary residence, thereby skipping tax season!?
Lol
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Originally posted by @Eli Gilbert:
I am new to this and have heard of the 1031 being used to avoid paying taxes!
Can you put profits from a flip, (which is usually considered capital gains), into a 1031 to avoid taxes?
Essentially this question doesn’t make sense, because the idea of flipping is for short term money now, etc, however I am asking if I can 1031 into a primary residence, thereby skipping tax season!?
Lol
You can’t do 1031 on flips.
Even if it was in non flips (investment), you cant do 1031 to primary.
- Ashish Acharya
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