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1031 Exchange
I bought a property in 2001 and resided in it till 5 years ago. 5 years ago (2017), I changed it to rental. Then in February 2022, I sold the property (did a 1031 exchange for new rental). My question: Is my adjusted basis the value of the house in 2001 or in 2017? Thanks
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‎April 11, 2023
8:28 AM