I need to get information on a partial exemption for a 1031 exchange. Has anyone ever done this?

[phx1112-yahoo-co]

I sold my primary residence that was owned less than 3 years - did a 1031 exchange and purchase additional properties. I would like to do a partial exemption if I can figure out what it is and how to do it.

[Mike9241]

The IRS says you can't use setion 1031 on your prinmary residence.

[TomD8]

Are you thinking of a partial capital gain exclusion?  Scroll down to "Does Your Home Qualify for a Partial Exclusion of Gain?" in this IRS reference for the rules:

https://www.irs.gov/publications/p523#en_US_2022_publink100073096

This commercial website (with which I have zero affiliation) discusses different scenarios for combining a capital gain exclusion with a 1031 exchange:

https://www.exeterco.com/article_overview_1031_121_combination

My advice: consult a local real estate tax attorney.