What is “like-kind” property under a 1031 Exchange?
Below are some examples of “like-kind” real estate:
- Vacant Land
- Single Family Homes*
- Industrial Property
- Office Property
- Retail Property
- Farm Property
- 30-year or more Leasehold Interest
- Tenant-in-Common (TIC)
- Delaware Statutory Trust (DST)
- Syndicated Real Estate
*It is important to note that one’s primary residence, as well as vacation or second homes held primarily for personal use, will not qualify for a Section 1031 Exchange. However, there are certain safe harbors for vacation and second homes to qualify as either a “relinquished property” or a “replacement property.”
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