Hi Elaine! 1031 Exchange properties are those considered a like-kind by the IRS. This includes business real estate and land. So if you are selling a portrait studio, if the business owns the building and the land that it occupies, you may sell it and exchange for a rental property. However, it should be noted that you cannot sell the business itself in exchange for real estate. This will not work. The like-kind rule covers the equipment in a business, though it must be exchanged for like-kind business equipment, ie computers for computers, desk chairs for desk chairs, etc.
Multifamily for Sale $3,350,000
11.22 ACRE CORE INDUSTRIAL Vanc... $2,750,000
Original California Ranch $740,000
2.82 Acres - High Visibility Pr... $87,000
Rio Linda Home under 90k ATTENT... $1,360,000
8 UNIT LOFT STYLE TOWNHOUSE BUI... $1,400,000
12 Unit Brick Apartment Buildin... $560,000
Almost 10 Acres Multifamily Lan... $3,397,680
Commercial land for sale near P... $1,200,000
Package 34 Units $1,150,500
59 acre tract in rapidly growin... $224,500
Model Home needs investor Build... $249,500
.074 ACRES ZONED GC - RETAIL LA... $239,900
4 Bedroom 2.5 bath 2 story Newe... $130,000
Three Unit Property $1,650,000
Absolute NNN Unsubordinated She... $133,900
CASH FLOW 3 PLEX PROPERTY. $15,511,000
Condo Bulk Sale in Multi-Famiy ...
- 1031 Exchange
- 1031 Exchange For Dummies
- I read that I can do a 1031 Exchange without a Qualified Intermediary. Is that possible?
- I’m a Realtor and have clients who want to do a 1031 Exchange, what do I do?
- My title company insists that I use their 1031 Exchange guy. We want to use someone else. What do we do?
45 day deadline 180 day deadline 1031 1031 construction 1031 Exchange 1031 Exchange a condo 1031 Exchange Gift 1031 Exchange rules acreage assumption of liability basis Boot capital gain Closing Costs constructive receipt cooperation clause depreciation Depreciation Recapture Fair Market Value Form 8824 fund security Gain without Boot Installment Notes IRS IRS Form 8824 land Like-kind like-kind exchange partnerships personal residence Primary Residence purchase and sale agreement qualified intermediary real estate Realtors relinquished rentals replacement replacement properties Second Home selling expenses starker exchange Time Constraints un-like property Water Rights