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Tag Archives: Primary Residence

I bought a rental property 6 years ago with a 1031 Exchange. Will I have tax problems by converting it to my primary residence?

Friday, January 14, 2011

Excellent question. So long as you can prove that the property has been collecting rents for the past 2 tax periods, you should have no trouble converting your 1031 Exchange rental property into your personal residence. Just be aware that when you do this if you ever decide to sell the property as a 1031 [...]

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Can I 1031 Exchange Property I purchased from a 1031 Exchange 4 years ago?

Friday, December 24, 2010

Good question. To 1031 Exchange any property, you need to consider a few things. First, what kind of real estate is the property we are talking about? If it’s land, the answer is almost always going to be yes because land is always considered real estate held for investment purposes.  If the property is an [...]

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