Financing in Bernal Heights>Question Details

Trulia San F…, Other/Just Looking in San Francisco, CA

What are the rules regarding the exchange of like-kind properties?

Asked by Trulia San Francisco, San Francisco, CA Mon Dec 10, 2012

Can one exchange a vacant parcel of land for an improved property or a rental house for a multiple-unit building?

Help the community by answering this question:

Answers

1
1031 Exchange Rules = "like kind" = the land must be held for productive use in a trade or business or investment.

Yes, vacant land is like kind with all other types of real property.
However, like other properties, in order to qualify for a 1031 Exchange,
the land must be held for productive use in a trade or business or for investment.

Helen Yuen, Open Home Professionals (415) 583-3535
1 vote Thank Flag Link Fri Jan 11, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer