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Tag Archives: real estate

How do I 1031 Exchange a rental home for a business?

Friday, December 24, 2010

1031 Exchange involves the exchange of like-kind business property for the purpose of deferring capital gains tax. Emphasis must be placed in that statement regarding physical property or real estate. Since a business is neither property nor real estate, is would be very difficult to convince the IRS that this is a valid 1031 Exchange. [...]

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I want to 1031 exchange a property that I own in Pennsylvania for one in Las Vegas, does this make a difference?

Thursday, December 23, 2010

The only issue you should be concerned with when you want to 1031 Exchange Real Estate is if the properties qualify as like-kind with the IRS. Whether you exchange a property in one state with a property from another state does not matter as the section 1031 exchange is an federal action with the IRS. [...]

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