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Old 04-02-2014, 02:10 PM
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Join Date: Apr 2014
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1031 exchange post lot split

Hi, hope you can help. here are the facts. Primary residence purchased Apr 2013. plan to split off 1.5 acres by the end of this year and have it sold to developer. Can i do a 1031 exchange of the sold property for like kind of property in order to avoid capitol gains?

I can show that i rented out the property for income and would like to 1031 into another rental property

thanks

Lee



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