Posted by William Bronchick on July 01, 2008 at 14:41:21:
The rules say the property must have been held for productive use, which is going to be a big red flag if you just bought it. Most 1031 experts agree that a property should be held for at least a year and a day so it shows up on two tax returns, but there’s no rule that specifically says you can’t buy a property then resell it less than a year later in an exchange.