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Tag Archives: 1031 Exchange a condo

Does my condo qualify for 1031 Exchange?

Saturday, January 29, 2011

Your condo could qualify for 1031 Exchange if you rented it out. This is from our 1031 Exchange Knowledge Base: A condominium is treated by the IRS as a primary residence if occupied by you as your primary residence. You receive legal title in fee simple to a unit in the multi-unit building. Also, you get [...]

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Someone told me I can 1031 Exchange my Condo, that true?

Saturday, January 8, 2011

The biggest issue you have to look at if you plan to 1031 Exchange your condominium is if you are currently living there as a primary residence. If you use your condominium as your primary residence, and sell it, the rules applying to the sale of your primary residence will apply. But, if you use [...]

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