Updated over 6 years ago on . Most recent reply
1031 Exchange > Primary
1) If you own an investment property, with 1031 Exchange I can sell the investment property and buy a like-kind property and defer capital gain taxes. Correct?
2) If you own an investment property in Texas, and if anytime in the last 5yrs of the sale if that property you lived in the property, you don't pay any capital gain taxes. Correct?
1+2) If you own an investment property, with 1031 Exchange I sell that property, use that funds to invest in a like-kind property and at some point I live in that new property for 2 years and then sell that second property, will I pay capital gains taxes?