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Is the property required to be 2 years rental for 1031 exchange?
I am selling a property which I have held for over a year. The majority of this period was used to evict the nonpaying tenant. We do have a judgement against the tenant over this. Can i use the proceeds to buy 1031 exchange property? Does the property have to have a rental history for two years? Could I be under the risk as a "dealer" The QI said that it depends on my CPA's opinion. I am confused. Thanks for anyone 's input and advise.