Selling a newly constructed vacation rental

[Mike Stafford]

Can you sell a property owned less the 1 year and 1031 the money into a new property?

[Dave Foster]

@Mike Stafford, it depends on your intent more than on the holding period.  If your intent in purchasing the property was to hold for productive investment use and you intend to purchase the same then a 1031 would be appropriate. 

If your intent in purchasing was primarily to resell then a 1031 would not be appropriate.  

Most folks feel comfortable at a holding period of more than a year but there could always be unique circumstances that would change the appropriate holding period.  It's all in how you can document that intent.