primary residence to mixed use building

[Pavan Sandhu]

hello all- Tax question.

Can someone who purchased their home w/ FHA financing sell 6 months later and roll profits into a 1031 exchange in order to reduce tax thresholds? or would you recommend a better strategy? Primary residence is set to clear 200K-ish .

All advice, suggestions are appreciated. #REI

[Frank Chin]

Are you saying your're purchasing a home, as a home to live in? Note that 1031 exchanges are for rental properties (relinquished property must be a rental), and there might even be questions if the holding period is long enough. See link on holding period: 1031 Holding period