Hi,
I apologize for my ignorance on the matter. Can you tell me why the "non-qualified use" will reduce my tax exemption. I am reading the IRS links, but I find them very confusing to me juggling the variables of 1031 / Gift / Rental and my unfamiliarity of some of the verbiage.
Are you saying that even if I actually lived in the house for 2 years (going over 5 year 1031 requirement by a few months) I would still not get full 250K or are you saying that by leaving house empty it would fall under "non-qualified use"
Thanks
