Combining 1031 and primary residence

[Stevee Danielle]

I have a question. I own a property outright that is 650k. It has been my primary residence but I want to move. Could I rent it out for a year and then do a combination of a 1031 exchange. Take 400k to buy an investment property while taking advantage of the 250k tax exemption on capital gains for primary residence?

[Mark H. Porter]

Let’s get a pro in here for you - @Dave Foster