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Updated about 5 years ago,

User Stats

103
Posts
22
Votes
Eli Gilbert
  • Investor
  • Cleveland, OH
22
Votes |
103
Posts

Can you do a1031 exchange on a flip?

Eli Gilbert
  • Investor
  • Cleveland, OH
Posted

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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