1031 Transfer Of Profit

I am buying a new house and plan to sell it to buy another home as soon as possible. How long do I have to hold on the the first home before I can 1031 it to a new home and avoid taxes?

Comments(1)

  • ray_higdon5th October, 2005

    1 year and 1 day minimum, and only on investment properties, not primary residence properties
    [addsig]

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