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No. of Recommendations: 2
then converting the exchanged property into your residence and avoid paying taxes on $250,00 to $500,000 of capital gains.

Be very careful about this since the intent is clear to defraud on a tax issue. This has been pretty thoroughly discussed in the past on this board and the consensus is against this. I would do a search on 1031 exchanges, exchanges, to see all the threads on this issue before you make such a decision.
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