What kind of property is excluded from 1031 treatment?
1031 (a) specifically excludes the following types of property. 1031(a) specifically excludes the following types of property. Stock in trade, property held primarily for sale (dealer property) stocks and bonds, notes, choses in action (accounts receivable), certificates of trust or beneficial interest and securities or evidence of indebtedness. In addition property held for personal use such as the taxpayers residence or second home or a vacation home where the use test for the tax year of the Exchange fails to classify the property as qualifying property are also excluded from 1031 treatment, and: Foreign property, property outside the United States and the U.S. Virgin Islands, sale lease back property and leases less than 30 years in duration including extensions and renewal options are also excluded, and In a delayed Exchange, like kind property not properly identified or property not identified within the identification period or identified property not actually received by the ta
