Exchanging Thoughts

The Interplay of 1031 and Personal Residence Sales

Posted by Paul G. Neiffer, CPA on Wed, Jul 15, 2020

Many investors sell investment property that includes their personal residence. We see this in many farm operations where the house is located on the farm. Also, many city dwellers recently converted their personal residence into a combination of rental property and their home.

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Topics: section 121 exclusion, section 1031, 1031 Exchange, personal residence, rental property