Discover the potential of utilizing your recently acquired exchange property as a personal residence in specific scenarios. While it is essential to adhere to the IRS rules and regulations, personal-use exchange properties can present owners with opportunities for both residential and financial flexibility that often go unnoticed by many investors.
Unlock the potential of purchasing an investment property initially and later moving in without incurring a tax liability.
Did you know that you can reside in your investment property after a few years without triggering a tax obligation?
While it is crucial to acquire the property solely for investment purposes, understanding the possibilities for future usage provides valuable insight. It presents a unique opportunity to utilize an investment property in a location where you desire to live.
However, please note that this option is subject to specific IRS rules and requirements, which should be carefully reviewed before proceeding with any purchases.
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