Stefano
Thu Aug 08 2024
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6 answers
1240
Can a vacation property be exchanged for a 1031?
Could you clarify for me if a vacation property, such as a beach house or mountain cabin, is eligible for a 1031 exchange? I'm interested in potentially swapping my vacation home for another investment property to defer capital gains taxes. What are the key factors I should consider when determining if this type of property qualifies, and what are the potential pitfalls or limitations I should be aware of? Thank you for your insight.
