Avoid capital gains tax on sale of exchanged property

Playing by the 5-year rule

By Inman News Feed
Add Comment Add Comment | Comments: 1 | Posted Jan. 11, 2012

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1. Cindyd said... on Nov 24, 2012 at 02:14AM

“We are in the middle of completing a 1031 exchange and found out that I am losing my job next year.The owners will rent back but only for a few months.there is a chance that we will be force to move into the property by March of 2013 and sale our primary home . Since we bought the house with intent to rent it but have to move into sooner because of my job lost will we be taxed on the exchange?”

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