If I do a 1031 exchange, does it have to be an investment property?
Smart Selling Strategies: Know Your Options & Avoid Costly Tax Mistakes
The home I'm considering selling used to be my primary residence, but for the past year has been an investment property tenant occupied. If I do a 1031 exchange on that, do I have to buy another investment property or can it be a primary residence?
Question ID: 6604503 Status:
Open Nov 13, 2025 - 01:17 AM
1answer
Answer
Nov 13, 2025 - 01:19 AM
It could be either. If a property has only been an investment property for, say, a year, and that's important because we have a three-year window. If it was previously a primary residence, you can utilize what's called a 121 exclusion.
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