Adams County Colorado 1031 Real Estate House
Tax-Deferred Exchange |
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WHAT QUALIFIES AND WHAT
DOESN'T?
(IRC 1031 vs. Primary
Residence)
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"Like-kind" property can include, but is not
limited to any of the following, providing it is held for investment: |
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single family rental |
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duplex |
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apartments |
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commercial |
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retail |
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industrial |
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raw land |
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a 30 year or more leasehold interest |
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Property specifically exclude from this section is a
taxpayer's primary residence, property held "primary for resale", or dealer
property. |
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A common misconception about "like-kind" is that
the properties being exchanged must be of "similar use". This is not true.
A commercial property can be exchanged for an apartment complex or raw land
exchanged for a singe family rental |
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A TAXPAYER IS ONLY ALLOWED ONE PRIMARY RESIDENCE, THEREFORE,
BY REASON OF DEFAULT, ANY OTHER REAL PROPERTY COULD BE CONSIDERED 1031 PROPERTY. THE
ONLY CONDITION IS THAT IT MEETS THE GUIDELINES OF SECTION 1031. |
FOR ALL OF
THE INFORMATION YOU WILL NEED, PLEASE CONTACT:
Dick Palmer
Pathfinder
Investment Corporation
2953 S. Peoria St.
Suite 101
Aurora, Co 80014
DIRECT TELEPHONE: 303-759-8500
E-MAIL: sales@landoffice.com
FAX: 303-759-8400 |
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Property Investments, 1031 Exchanges, Land
Development Services for YOU!
This material is designed only to
provide information concerning I.R.C. Section 1031 Tax-Deferred Exchanges. It is not
intended to provide or replace legal, accounting or other professional counsel.
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