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Buying & Selling Real Estate

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1031 exchange rental to small livestock farm

Posted Sep 24 2021, 17:04

Okay, so what my husband and I want to do with our rental property when it sells is buy a small livestock hobby farm consisting of chickens/goats and a dog kenneling, and or a small organic vineyard.   This means we have to reside obviously on property.  Our residence of course would be partially used as an office to answer calls, arrange business transactions etc.   Will this qualify for a 1031 exchange and how would we list it on the exchange.    

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