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Can you use a 1031 exchange on your primary residence? #shorts
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Can you use a 1031 exchange on your primary residence?
A primary residence usually does not qualify for an exchange because it is not used in trade or business or investment. That said, that portion of the primary residence that is used in a trade or business or for investment may qualify for a 1031 Exchange.
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Subscribe for all of your San Antonio region Real Estate needs:
Schedule a 15-minute no-obligation call with me:
Subscribe for all of your San Antonio Real Estate updates
To Follow:
James Bigley
679621
Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords:
Texas Commission Information About Brokerage Services
Texas Commission Consumer Protection Notice
A primary residence usually does not qualify for an exchange because it is not used in trade or business or investment. That said, that portion of the primary residence that is used in a trade or business or for investment may qualify for a 1031 Exchange.
Start your real estate search here:
Subscribe for all of your San Antonio region Real Estate needs:
Schedule a 15-minute no-obligation call with me:
Subscribe for all of your San Antonio Real Estate updates
To Follow:
James Bigley
679621
Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords:
Texas Commission Information About Brokerage Services
Texas Commission Consumer Protection Notice
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