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For a relinquished vacation property to qualify for a 1031 exchange, the property has to be owned by the taxpayer and held as an investment for at least 24 1031 EXCHANGE - CAN YOU APPLY FOR YOUR VACATION HOME The property should be rented to an unrelated party for at least 14 days per year. However, there is no need to rent the property for more than How to Use a 1031 Exchange to Buy Your Dream Vacation Home with Fraxioned Can you 1031 Exchange a Primary Residence, Secondary Home or Vacation Home? 1031 Exchange Explained ...