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Updated about 4 years ago,
Section 121 and 1031 For Quadplex Being Sold
Hello,
I'm new to the forum and this is my first post. I live in the STL area and I am selling a quad plex where I previously lived in one unit. Details are below, but my question is could anyone recommend a CPA to help me determine the amount of funds I can apply to Sect. 121 vs 1031?
Property Info
Sales Price: $529k
Purchase Price: $398.5k
Primary Residence time in 1 unit: 25 months
Moved out 17 months ago
Captured depreciation on taxes every year for the 3 units that were rented.
Thanks for any recommendations!