1031 Exchange and Capital Gains

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

Thursday, December 08, 2005

like kind property

I have sold property in Florida that was farmland and I am 
buying a house in California. Does that qualify for like property?
Thank you for contacting 1031x.com.
The answer to your question is Yes, you can sell farmland and buy a house as
long as both properties are used as investment properties and not primary
residence.
We look forward to working with you in the near future for all you 1031
exchange needs.
Denise Warfield
Operations Manager