One of the most common questions we get about 1031 exchanges is on the topic of exchanging between different segments of the real estate market. For example, can you do a 1031 exchange from an apartment building to retail building?
Like-Kind Property
Almost all US real property is considered “Like-Kind” for 1031 exchange purposes.
FROM THE IRS:
Properties are of like-kind if they’re of the same nature or character, even if they differ in grade or quality. Improved real property is generally of like-kind to unimproved real property. For example, an apartment building would generally be of like-kind to unimproved land. However, real property in the United States is not of like-kind to real property outside the U.S.
1031 Exchanges of Investment Real Estate
At CPEC1031, we have over two decades of experience facilitating exchanges of like-kind property under section 1031 of the Internal Revenue Code. We can help you prepare all of your documentation, advise you on replacement property, and answer all of your questions. Give us a call today to set up a time to talk with a qualified intermediary about your 1031 exchange. You can find us at our main office in downtown Minneapolis, or at one of our satellite offices around the US.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
© 2019 Copyright Jeffrey R. Peterson All Rights Reserved