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How many total years do you need to own a home to sell it under a 1031 exchange. The least amount of years rented vs. rented.

I am a realtor and I have a client that has owned their home for 3 years and lived in it for half the ownership time and rented for 1.5 years.
1031 Tax Deferred Exchange
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William Keats
I know of no specific number of years you need to own the rental property in order to sell it under a Sec. 1031 exchange for other like-kind property. Real property is generally of like kind if they are of the same nature or character.
William Keats, EA
Leave a Comment 420 weeks ago

 

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