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1031 Exchange?

I've own one property for the past 3 years, which I have never lived in, but my parents have been living in it instead. Would I be qualified for code section 121 as a primary residence or only 1031 as a secondary residence?

Thanks.

2007-03-21 18:58:18 · 1 answers · asked by SOMA 1 in Business & Finance ➔ Renting & Real Estate

1 answers

That is 1031 only.

2007-03-22 09:04:40 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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