Can I do a 1031 exchange on my primary residence?

You can’t typically do a 1031 exchange California on your primary residence. The IRS requires the property to be used for investment or business purposes to qualify. That said, if you’ve rented out part of your primary home or have used it for business, you might be able to work with a tax professional to structure a deal. Firms like AltFn in California can help guide you through the ins and outs of a 1031 exchange. It’s important to understand the rules, especially if you're considering converting your property for investment use. If you're in California, reaching out to experts who specialize in 1031 exchanges can make the whole process much easier to navigate.