Making a 1031 exchange into primary residence work
Most genuine estate investors ultimately wonder if they could pull off a 1031 exchange into primary residence to defer taxes while setting themselves on with a future dream home. The short answer is yes, it is possible to perform it, but there's a major capture: you can't just move around in the day time after you shut the deal. In case you try to swap a rental home for a home and immediately start unpacking your shifting truck, the IRS is going to have a field day along with your tax return. ...