Tax Tip Podcast & Blog Post for Real Estate Professionals – Like Kind Property Test

Tax Tip Podcasts & Blog Posts for Realtors, Brokers, Real Estate Professionals

Real property: All qualifying real property located in the United States, improved or unimproved, is like-kind property (Regulation Section 1.1031(a)-1(b)). However, real property located in the United States is not of like-kind to property located outside the United States (Code Section 1031(h); Private Letter Rulingss 200041027, 200201007).

Brenda Fitch Real Estate Professional
Brenda Fitch Real Estate Professional

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(Updated 03/19/2021 08:05)

Published by Don Fitch, CPA

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