BobKamman
Level 15
09-23-2023
02:32 PM
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The 2-year rule applies to how long an acquired property should be rented before conversion to a primary residence. Under the "facts and circumstances" here, I don't see any restriction on starting the exchange tomorrow. The interesting question is whether she can (or must) use the Section121 exclusion as well as the Section 1031 deferral.