If I own a home and want to rent it, how many years do i have to rent it to have a 1031 exchange for income property?
Chosen Answer:
You say that you own a home and want to rent it?
My question to you is how long have you owned and lived in it as your personal residence?
I ask you this because if you lived in it for 2 years (dont have to be consecutive years) with in the last 5 years, you may be able to take advantage of Sec 121 Exclusion. This will give you 0K-0K of money in your pocket with paying a dime on taxes.
If Sec 121 does not
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