1031 Exchange and Capital Gains

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Name:Steven Hickox
Location:Denver, Colorado, United States

Monday, October 03, 2005

Is a mobile home Like kind?

Dear 1031x.com,
I am a realtor and I have a client who is looking to 1031 his rental home into a mobile home. Can this be done and if yes under what circumstances. Please either call me or email me with any info that would be helpful in making this determination. I would consider using your firm to process the 1031 exchange.
Sincerely, J
Dear J: Thank you for contacting us. In some states there is a process for converting mobile homes to real estate. The process involves surrendering the title to the mobile home and placing the mobile home on the tax roles as real estate. If this is done then 1031x into the mobile home (now real estate) is no problem. Sincerely,

Steve Hickox
1031x.com, Inc.
2120 S. Birch St.
Denver, CO 80222

888-899-1031
infox@1031x.com