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Investors & landlords
@Carl wrote:
Exchanging a residental rental property for a commercial rental property is not a valid like-kind exchange.
Incorrect.
Provided the real property is held for productive use in a trade or business or for investment, residential rental real estate can be exchanged for commercial rental property and gain deferred under Section 1031.
See Treas. Reg. §1.1031(a)-1(b)
April 6, 2020
10:01 AM
2,855 Views