Does a 1031 exchange count as a property?

A key rule about 1031 exchanges is that they’re generally only for business or investment properties. Property for personal use, such as your home, or a vacation house, typically doesn’t count.

When does section 1031 apply to a qualifying exchange?

A transition rule in the new law provides that Section 1031 applies to a qualifying exchange of personal or intangible property if the taxpayer disposed of the exchanged property on or before December 31, 2017, or received replacement property on or before that date.

Can you sell a rental property in a 1031 exchange?

Before the law was changed in 2004, an investor might transfer one rental property in a 1031 exchange for another rental property, rent out the new rental property for a period, move into the property for a few years, and then sell it, taking advantage of exclusion of gain from the sale of a principal residence.