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1031 Exchanges

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Raza Rizvi
  • Rental Property Investor
  • New York, NY
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86
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Primary Residence that was rented for a year

Raza Rizvi
  • Rental Property Investor
  • New York, NY
Posted Aug 30 2016, 08:02

Hello RE community,

I had a question regarding the sale of my property. I lived in my primary residence but then welcomed a child last year so we rented it. It has been a year since the apartment was rented. I am planning to sell it and was wondering if I can still treat it as a primary residence (even though it was rented for a year) or will I need to do a 1031 exchange?

Any help would be appreciated. The apt is in Manhattan, NY

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