Welcome Guest. Register Now!  

For 2016 Tax Tips For Year 2016.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-29-2017, 04:15 PM
Junior Member
Join Date: Feb 2015
Posts: 3
Am I qualified to use 1031?


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.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
1031 Exchange Questions doubleb Capital Gains 2 04-03-2017 12:06 AM
1031 question MFinMO C-Corporation 1 02-19-2014 05:03 AM
1031 California tgmg624 Rental Real-Estate 1 07-28-2012 04:07 AM
To 1031 or not taxandtea920 Capital Gains 0 12-26-2009 08:07 PM
What are the IRS requirements for a 1031 exchange? Roberto Miscellaneous 1 01-06-2008 11:56 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.