What kinds of property are eligible for 1031 Tax-Deferred Exchange into Energy Royalties?
Any property held for productive use in a trade, or business, or property held for investment purposes can be exchanged for any like-kind property; property may be real or tangible property such as an apartment building, raw (vacant) land, single family rental, shopping center or a 30 year or more leasehold interest. Like-kind property refers to the nature of the property (i.e. held for use in a business or for investment) not the use of the property – so bricks-and-mortar real estate is fully eligible to exchange into Energy Royalties; a shopping center may be exchanged for an apartment building or an apartment building may be exchanged for office or industrial buildings or vice versa; furthermore, one property can be sold and three properties acquired; or four properties can be sold and one acquired.
Related Questions
- What happens if the taxpayer is in escrow to sell the relinquished property and then decides the want to make it part of a tax-deferred Exchange?
- What kinds of property are eligible for 1031 Tax-Deferred Exchange into Energy Royalties?
- DOES THE SUBJECT PROPERTY QUALIFY FOR AN I.R.C. ยง 1031 TAX-DEFERRED EXCHANGE?
