Policy towards primary residence for primary residence?
Hi BP!
Apologies if this has been asked before, but I couldn't track down 1031 information specific to primary residences.
Everything I've read so far specified that the 1031 exchange was for similar investment assets, and seemed inapplicable for residential homes. But is there a way to leverage the 1031 (or similar rule) when selling a primary residence so you can buy a new primary residence (that is larger / more expensive)?
Thanks for the help,
Dev