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Tag Archives: 1031 Exchange rules

Can I 1031 Exchange two rental condos for two commercial rental building? These are still like-kind, right?

Sunday, December 26, 2010

YES for this 1031 exchange – all properties you described will qualify. Even though these properties may seem different,  they are both considered like-kind and therefore qualify for capital gains deferred under the IRS 1031 Exchange rules. Tweet

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I heard there were different 1031 Exchange rules for people who are related. How do you define related?

Sunday, December 19, 2010

A related person can be defined as: Your family but only brothers and sisters (including half-blood), spouse, ancestors, and lineal descendants. You and a corporation if you own—directly or indirectly—more than 50% in value of the stock. Or if the stock is owned for you. Two corporations that are members of the same controlled group. [...]

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