Expand into Real Estate Markets Nationwide

Under the “like-kind” requirements of Section 1031, a taxpayer not only has flexibility in the type of properties that are sold and the purchased through the 1031, but also their location.

Property sold and exchanged can be replaced with property in any other state in the U.S. A taxpayer doing a 1031 Exchange can purchase replacement property anywhere within the 50 states, including territories like the U.S. Virgin Islands, Guam, and the Northern Mariana Islands. Real estate located outside of the U.S. in any other area is not like-kind and will not give the taxpayer the tax deferral they are looking for.

For more information, please reach out to your tax professional for specific questions or contact the specialists here at Security 1st Exchange for assistance.