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Old 01-29-2017, 04:15 PM
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Am I qualified to use 1031?

Hello,

I would like to ask whether I am qualified to use 1031 or not.

8/31/2010 : Closed to purchase a condo.
8/31/2010 - 12/31/2010 : Primary Residence in this condo
I moved to different city due to job movement, so I had to rent this condo out.
1/23/2011 - 7/9/2016 : Rented this condo out
11/18/2016 : Sold this condo

1/31/2017 : Closing to purchase a single home. This will be my primary residence home.

I am going to file a tax return soon. I am curious whether I am qualified to use 1031 under this situation.

Please advise.

Thanks



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