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Can a form 8824 (Like kind Exchange be used for selling a primary residence at a big profit?

Gloria230
Level 1
 
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Gloria230
Level 1

Can a Form 8824 - like kind exchange be used for selling primary residence at a large profit?

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PATAX
Level 11

Sjrcpa is correct... That was the fastest correct answer I think in history of this forum, but I may be wrong...

sjrcpa
Level 15

No. Personal use real estate does not qualify for like kind exchange.


ex-AllStar