Arianna
Thu Aug 08 2024
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6 answers
1070
Do personal residences qualify for a 1031 exchange?
Could you please clarify if personal residences are indeed eligible for a 1031 exchange? It's a common question among investors seeking to defer capital gains taxes, and I'd like to ensure I have an accurate understanding of the rules. Are there any specific conditions or restrictions that apply when it comes to using a personal home as part of a 1031 exchange? It would be greatly appreciated if you could elaborate on this matter.
