You can use a 1031 exchange to convert a rental property to a primary residence — or to convert a primary residence into a rental property. Either transaction requires careful planning to avoid breaking the law.
Once you’ve learned about the incredible tax benefits of the 1031 exchange, investors start asking harder questions. Some of these questions include ones related to primary residence vs rental property in a 1031. “Can I turn my property from a 1031 exchange into primary residence?” “Can I benefit from both section 121 and section 1031 …
Read MoreHow to Turn a 1031 Exchange into Primary Residence – The Definitive Guide to Save On Taxes
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