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Does a homesite or residence at Bakers Bay qualify as “like / kind” property for the purposes of facilitating a 1031 exchange under the Internal Revenue Code?

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Does a homesite or residence at Bakers Bay qualify as “like / kind” property for the purposes of facilitating a 1031 exchange under the Internal Revenue Code?

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No, property in The Bahamas does not qualify as like / kind property and thus will not satisfy the requirements necessary to accomplish a 1031 exchange.

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