1031 New Income Verification

[Jared MontBlanc]

Trying to understand options as it pertains to the sale of a current AirBnB rental. What are the implications of doing a 1031 for an new investment property that eventually doesn’t generate rental income? Is somebody tracking that in some way?

Examples:

1. you buy a house and AirBnB for a year or two, then just move in

2. You buy a house and AirBnB for a year, then only AirBnB part of it only

3. You buy a house and call it a rental property but then just move it

Any guidance based on how we might be able to think about options to use 1031 for a home we can then live in would be appreciated.

Thank BP