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Updated 7 months ago,
1031 exchange rental properties
Interested is strategies for selling long term rental of 8 years. As our market changes and becomes less landlord more tenant friendly we are looking to sell our long term rental. Does anyone know if selling w/ 1031 buying new rental; then renting the new property for 2 years before moving into the property would avoid any capital gains taxes? If this is helpful how long would we need to live there to reduce capital gains taxes before selling the property?