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Are all types of assets/properties capable being exchanged?

By | April 10th, 2019|Comments Off on Are all types of assets/properties capable being exchanged?
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Questions › Are all types of assets/properties capable being exchanged?
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Xchange Expert Staff answered 4 years ago

Under 1031 exchange the exchange can only be done for the like-kind properties. As the name suggests “like-kind” exchange is used to define two or more properties of the same nature. During the exchange process the taxpayer does not receive any kind of profit directly from the sale of relinquished property only it can be exchanged for other.

“Our tax-deferred 1031 exchange programs can save millions in taxes, increase investor equity, and compound annual cash flow distributions and returns”

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