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I want to trade a farm land for an apartment building, can I 1031 Exchange these two?

Yes. Your farm land qualifies for 1031 Exchange and you may purchase an apartment building with the proceeds and receive the tax-saving benefit of a 1031 Exchange. One issue to consider is your farm equipment and your farm house. Some of these items may not qualify for 1031 Exchange because they of of mixed classification. It is a good idea to discuss this with your tax professional (either your CPA or attorney) today!

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This entry was posted on Sunday, August 28th, 2011 at 12:31 pm and is filed under 1031 Exchange. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “I want to trade a farm land for an apartment building, can I 1031 Exchange these two?”

  1. 1031 Exchange Knowledge Base Info » Blog Archive » I want to … « How to Beat the Taxman Says:
    September 7th, 2011 at 4:13 am

    [...] Read th&#1077 rest here: 1031 Exchange Knowledge Base Info » Blog Archive » I want t&#959 … [...]

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