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1031 Blog - Vacation Homes

Personal Residences and Vacation Homes for use as 1031 Exchanges

[et_pb_section admin_label=”section”][et_pb_row admin_label=”row” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”] Both the relinquished and purchased property must be held for investment or trade or business purposes. Thus, personal residences generally do not qualify. In certain circumstances, it is possible to convert a personal …

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1031 Blog - Vacation Homes

IRS 1031 Exchanges-unravelling the mystery!

IRS 1031 Exchanges—unraveling the mystery!   The Exchange Business has gone through a resurgence in the last 3-5 years.  In the early days, only those people with big money, commercial properties, or trusts engaged in the exchange business.  Fortunately, the trend has changed.  Now 1031 exchanges are more and more popular with even the casual investor who …

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