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What property qualifies?

April 26, 2017Property qualifies

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What property qualifies?

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Any property held for productive use in a trade, business, or investment can be exchanged for like-kind property. “Like-kind” refers to the nature of the investment. Any type of investment property can be exchanged for another type of investment property. For example, a single-family rental can be exchanged for a five-unit apartment building. An office building can be exchanged for a retail building. Any combination of investments will work, so long as basic requirements are met.