@Anonymous wrote:
....convert it to investment property and then do a 1031 exchange. that usually means converting it to rental. many pros say that the rental would have to be in place for 6 months to a year since there is nothing specific in the code or regs.....
However, Rev. Proc. 2008-16 provides a safe harbor where the period of qualifying use (for both the relinquished and replacement properties) is 24 months.
