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Updated over 4 years ago,

User Stats

156
Posts
73
Votes
Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
73
Votes |
156
Posts

1031 Property exit strategy

Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
Posted

We had a 1031 exchange property which was a new construction rental for about 14 months, then we used as a residence for two years. We sold it at just under 4 years with the idea of a residence sale after living in it for two years.  The letter of the law says live in 2 of 5 years.

Any room for using this exit?

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