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Tag Archives: land

Does improved land for unimproved land qualify as a 1031 exchange?

Wednesday, March 9, 2011

Land, regardless of how it is zone, or whether it is improved or not, qualifies for like-kind treatment in a 1031 Exchange. Investment real estate is a capital asset (IRC Section 1221). It’s property held primarily for appreciation of value due to location, passage of time and other factors outside the activities of the owner. It [...]

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How do we separate a house from our 1031 Exchange Replacement Property?

Thursday, December 30, 2010

If you are purchasing land through 1031 exchange for as your replacement property and the property includes a personal residence, you need to make an allocation of the substituted basis between the residence and the nominal land to be used as part of the residence and the remaining acreage to be held for investment . [...]

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