Updated over 2 years ago on . Most recent reply
Renting to keep 1031 status
My Mom is selling a 1031 property in Oregon. She has had it rented for at least 5-7 years. Starting in January 2023 she evicted the most current renter to get the property ready to sell. She got about 4 months of rent before she was able to evict them. The property was put on the market in June and remains unsold. She is considering taking it off the market for the winter. Her question is: is she in jeopardy of losing her 1031 status because it hasn't been rented for so long? Sorry for the long back story!
Most Popular Reply
No, shouldn't. With many years of rental history, its clearly an investment property. Just don't move into it. Good luck.