MelanieCPA
Employee Tax Expert

Get your taxes done using TurboTax

Hi @jimk719 !

 

Thank you for joining us today!

 

Yes! You can sell and then purchase a like kind property in another county.  The location of the property does not disqualify it from being a 1031 exchange.  Keep in mind that 1031 exchanges can be complex in other ways.  There are strict rules regarding timing and the types of assets that qualify.  Using a qualified 1031 intermediary and a tax professional can help ensure that the transaction is performed in compliance with the IRS rules and you have an appropriate tax deferral strategy.

 

Thank you!