Updated almost 5 years ago on .
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rental property to 2nd home
I own a rental in southern California and want to 1031 exchange it for raw land then build a 2nd home in Arizona, at least, that's what I want to do. I'd like to set up the new AZ place as my permanent residence and which I think will make the tax bite much more friendly. But I'm clearly not an expert and hoping you smart people can give me some ideas.
Thanks in advance