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I have owned a duplex for over 10 years and Id like to do an exchange. Am I limited to only acquiring another duplex?

April 26, 2017DUPLEX exchange Id limited

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I have owned a duplex for over 10 years and Id like to do an exchange. Am I limited to only acquiring another duplex?

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The definition of like-kind for tax deferred exchange purposes is any real property held for investment used in a trade or business. Therefore you are not limited to getting another duplex, you could get an apartment building, raw land, single family rental properties or even an office building.