Updated over 7 years ago on . Most recent reply
Selling Secondary home to buy another
I have a client here in MA that is looking to sell his secondary home to buy another. He currently lives in Florida and owns a condo, but would like to buy a single family. He would like to attempt to avoid paying capital gains tax. Since he does not use the condo as an investment i'm not sure if a 1031 exchange would still be possible, I sent an email to a 1031 attorney I know but was hoping to get some feedback from hopefully someone who has dealt with a similar situation.
Thanks!