Section 121 And 1031 Real Estate Sales And Exchanges

With increased real estate sales and exchanges I see investors now purchasing Florida properties and other retirement area properties. There is no minimum holding period for replacement properties.

They rent these properties for a while and then change the use to personal residence, and move in. After a suitable time these properties become eligible for the code section 121 residential sale exclusion of $250,000/$500,000.

 

 

 

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