To qualify for a 1031 exchange, the property must be an investment property or one that is used in a trade or business (e.g., a warehouse, store, or commercial office building).

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To qualify for a 1031 exchange, the property must be an investment property or one that is used in a trade or business. This means that primary residences, second homes, and vacation homes do not qualify for a 1031 exchange.

To Qualify for a 1031 Exchange, the Property Must Be