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What is the tax treatment for a duplex used partially as a primary residence and partially for rental in a 1031 Exchange ? The entire
What is the tax treatment for a duplex used partially as a primary residence and partially for rental in a 1031 Exchange ? The entire property is eligible for a 1031 Exchange . Both 1031 Exchange and IRC §121 Exclusion Only the primary residence portion is eligible for exclusion under IRC §121. No part of the property is eligible for tax benefits .
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Concepts In Federal Taxation
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
19th Edition
978-0324379556, 324379552, 978-1111579876
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