Updated over 6 years ago on .
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Can I do 1031 Exchanges This Way?
I sold a house with 10 acres of land in Feb this year, and made some profit.
Right now I'm selling duplex of mine, expecting to close within 1 month, should make a profit as well.
I just acquired a SFH and plan to start remodel it within a week.
My question is can I use the 2 profits I made and use 1031 Exchange for this new SFH's purchase & improvement?