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  1. BCCI approves 10-team IPL from 2022 at AGM in Ahmedabad 1 2

    By Kool_SRG,
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  12. Manchu Lakshmi 1 2

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  13. Hyderabad on Ramzan 1 2

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  14. Uber 20% staff including 800 engineers fasak... 1 2

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  15. Kottesam malli Yuddham Sharanam-- ECF come here 1 2

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  16. Very Sad to hear that Arjun's Mother Passed away :( 1 2

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  17. DARK Netflix 1 2

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  18. Modi govt will collapse if Chandrababu withdraws support - Undavalli - 1 2

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  23. Thanks jumbo 1 2

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  24. Was hurt 1 2

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  25. Messi finally wins an international title 1 2

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      ee vishayam copilot ki kuda seppu...papam thappu chepthundi The IRS does not allow a 1031 exchange for a primary residence. However, there are exceptions and strategies that can be employed to defer capital gains taxes on a primary residence. Here are some key points to consider: Primary Residence Exclusion: Under Section 121, you can exclude up to $250,000 in capital gains ($500,000 if married filing jointly) when you sell a primary residence if you’ve lived in it for at least two of the last five years. Converting to Rental: You can convert your primary residence into a rental property and then use a 1031 exchange to defer capital gains taxes. This requires establishing investment intent by renting the property for at least 12–24 months. Documentation: Keep thorough records showing the property was rented, including lease agreements, rental income, and advertising efforts. Section 1031: If you’ve lived in the property at least 2 out of the past 5 years before selling, you can claim the capital gains exclusion on the portion of the home used as a primary residence.
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