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1031 Exchanges

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48
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Ricky B.
  • Rental Property Investor
  • 34209
22
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48
Posts

Asking for help regarding 1031/121 Exchange

Ricky B.
  • Rental Property Investor
  • 34209
Posted Aug 16 2017, 20:08

Here is my scenario:

- I sell my duplex which I owned for 7 years

- I lived in the 2/3 portion and use the remaining 1/3 for rental all 7 years

- Selling price 1 mil.

- Am I correct that I can 1031 the 1/3 rental portion ($333K) and 121 the OO portion ~ $667K?

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