1031 exchange:
Scope of the 1031x Law
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Most people know that ALL real estate is considered "like kind" by the IRS as long as both parcels are "held for investment or used in business." This rule creates great flexibility for changing the shape of your real estate investments while still completing a 1031 exchange. In particular, you can sell an old investment in a slow market and buy new investment in an expanding market. 1031x is a national tax law that applies throughout the United States.
We can handle your 1031x regardless of the location of your property. We have completed exchange transactions in all fifty states from our offices in Denver. The only limitation on this rule is that real estate located outside the United States is not considered "like kind" to real estate located inside the United States. This rule allows United States citizens to 1031x real estate outside the United States for other real estate outside the United States.