Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 1031 exchange can be done on a personal residence. I want to put this out here to increase fellow investors awareness of some of the exceptions.
Any thoughts of when or if a 1031 exchange could be done on a personal residence.