For those who move your main the place to find accommodations possessions (otherwise play with a portion of the kitchen having productive use inside the a trade or company as with Rev. Proc. 2005-fourteen, instances step 36), the newest replace laws and regulations below area 1031 and exception of cash laws and regulations below area 121 get both implement.

Should your conditions out-of one another sections 1031 and you can 121 is found, brand new part 121 exclusion try applied very first so you’re able to understood obtain; section 1031 upcoming can be applied, including any obtain owing to depreciation write-offs. Read More