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re: 1031 Exchange Question

Posted on 12/18/20 at 9:04 am to
Posted by HBomb
Dallas
Member since May 2012
250 posts
Posted on 12/18/20 at 9:04 am to
quote:

If OP only owned the original property for 2 weeks, how can any ‘original intent’ of the first property be determined? For all we know his original intention was to rent it out as a short term rental. He sold and is now buying a 2nd short term rental.


Exactly. I just don't see how the IRS could prove otherwise. FWIW, I have a few other rentals that I have reported on my tax return for the past 7 years.
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