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1031 Exchange questions
First timer here! I just sold a rental home that I use to live on and I am going to be hit with capital gains... I closed the deal on the 14th of May. I have been asking my CPA about 1031 exchanges and she keeps sending me google links... Am I allowed to still invest in a house if I find before the 45 days is up from closing? Or do I need have already had the house lined up? Also whats the process for this? I know I really need to find a new CPA for this... But looking for some quick help! THANKS IN ADVANCE!