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1031 exchange requirements
Hello BP community!!
I’ve been reading into the 1031 exchange and was curious about a requirement someone was trying to explain to me.
I was told if you complete a 1031 exchange you must rent out the property for xx amount of years, then live it in as a primary residence for xx of years ?
After reading up on it, I can’t seem to find this requirement anywhere. Was wondering if anyone has completed one or have heard this being a thing ?
Look forward to the responses, Thanks in advance!
Sebastian