Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply presented by

User Stats

16
Posts
6
Votes
Mary Chen
6
Votes |
16
Posts

Can I go into a 1031 and live in it?

Mary Chen
Posted

Can I convert a 1031 property back into a property I can live immediately after I complete the 1031 transaction?

Most Popular Reply

User Stats

1,896
Posts
924
Votes
Scott Wolf
  • Lender
  • Boca Raton, FL
924
Votes |
1,896
Posts
Scott Wolf
  • Lender
  • Boca Raton, FL
Replied

@Mary Chen, yes.  Just be prepared to pay your capital gains tax on it.

Without actual extenuating circumstances, the IRS will not let that go lightly.

  • Scott Wolf
  • Loading replies...