Hi jimk719,
That is a good question.
The answer is yes, it is possible to trade into property located in another state. Under Internal Revenue Code Section 1031, real estate located in one U.S. state is like kind to real estate located in any other state, and you can even trade from one state to another. For more details, you can check out this article:
https://www.irs.gov/instructions/i8824
Hope this answers your question. Please feel free to respond if you have any follow up questions.
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