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Updated over 6 years ago on .
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1031 for Development on Vacant Land I Own?
I purchased a single family home on .75 acres in the city of St Paul, MN. I have since split the lot in half, leaving plenty of space to develop a multi-family building, probably 8-12 units. I'm wondering if it is possible to 1031 exchange a different property of mine to fund construction efforts on my vacant land. Does anyone have advice on this matter? Thanks in advance, BP community!
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You cannot 1031 anything back to yourself.