1031 FAQs
…and equipment leasing industries, farmers, ranchers, individuals and more make good use of like-kind exchanges. 1031 Like-Kind Exchanges are one of the few incentives available to and used by taxpayers…
Search Results for qualified like kind property
Qualified “Like-Kind” Property
For real property transactions (rental houses, farmland, office buildings, strip malls, etc.) the “like-kind” requirement does not mean selling and buying the exact same type of property. The term “like-kind”…
Other Interests in Real Property and Mixed Use Exchanges
…are real property interests under state law are like-kind to a fee simple. PLR 9851039. A perpetual conservation easement and a perpetual scenic conservation easement each characterized as real property…
Common 1031 Misconceptions
…used in the tax code. The IRS is actually very broad scoped in the case of real property like-kindness. The regulations state that “all real property is like-kind to all…
1031 Tricks & Treats for 10/31
…ownership of real estate, etc. Read more on qualified like kind property. 4. The only time that the 1031 deadlines to identify new property and complete an exchange can be…
