- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Was this a sale of a personal residence that you sold and purchased a new personal residence ? If so you CANNOT use the 1031 exchange option for a personal residence. So you can exclude up to $250K from income however the depreciation taken while it was used for business at any time in the past must be recaptured first.
‎October 10, 2022
4:26 PM