Can You 1031 Exchange Primary Residence? The Real Deal
A lot of homeowners ask can you 1031 exchange primary residence properties because they're staring down a massive tax bill and looking for a way to keep more of their hard-earned equity. It's a smart question to ask, but the short answer is usually a bit of a "no, but with a very interesting asterisk." If you're trying to swap the house you currently live in for a new one using a 1031 exchange, the IRS is generally going to stop you right at the door. ...