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Personal Property Exchanges

You are currently browsing the articles from FAQs matching the category Personal Property Exchanges.

Can I Perform a 1031 Exchange on a primary (non-investment) residence?

As a general rule, no - a non-investment property is not eligible for a 1031 exchange.

Written by admin on January 18th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Section 121 Exemption and Personal Property Exchanges and 1031 Calc FAQs and Calc_Q1.

How long do you have to live in the property to do this, and would there be any reason to do this if you lived in the property for atleast two years?

You mention two years in conjunction with the word “personal”. Therefore you are alluding to the Section 121 exemption on capital gains taxes on the sale of your personal or primary residence. You are correct in stating that a 1031 is useless for that scenario. Because you are covered by a different section of the […]

Written by admin on January 10th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Personal Property Exchanges and Calc_Q1 and Calc_Q2 and Calc_Q8.