It is applicable whenever a property owner intends to SELL any property that is not their primary residence (and falls under the definition of “like-kind”) and plans to BUY another “like-kind” property within 180 calendar days following the closing of the relinquished property.
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TM 1031 Exchange Inc. does not provide legal or tax advice. Investors should conduct their own independent investigations and rely only on those results.
Before making any investment decision consult with appropriate professionals.