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1031 Transfer Of Profit

lindalewis profile photo
  • Wednesday, October 05, 2005 @ 01:02 PM EDT
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I am buying a new house and plan to sell it to buy another home as soon as possible. How long do I have to hold on the the first home before I can 1031 it to a new home and avoid taxes?
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  • ray_higdon
    ray_higdon5th October, 2005
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    1 year and 1 day minimum, and only on investment properties, not primary residence properties
    [addsig]

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