@bentriviani , whereas I absolutely agree with your statement about 1031 "like kind exchange" -- but I am lost as to the applicability to this post.
I am assuming that the poster sole his residence and bought two properties, intending to use at least one as his residence. My assumption is because 1031 exchange is possible ONLY for income properties i.e. it is business transaction wherein one or more assets are given up and one or more similar assets are acquired as replacement for the relinquished asset(s).
It is possible that I am wrong and the poster is indeed trying to do a 1031 exchange with or without the help of a Qualified Intermediary (QI).
If I am wrong please pardon
pk
