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Residence sale with rental unit on property

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    #1

    Residence sale with rental unit on property

    Client wants to sell residence with a rental unit located on same property. Rental unit has separate access. Client wants to do 1031 exchange with rental unit. Possible without splitting lot? Problems?
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    #2
    Not sure if it completely answers your question, but see Example 2 of Rev. Proc. 2005-14.

    Internal Revenue Bulletin: 2005-7 | Internal Revenue Service
    https://www.irs.gov/irb/2005-07_IRB#RP-2005-14


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    "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard

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