The property must be held in a trade or business or for invesment. It may be replaced by like-kind property that is also held in a trade, business or for investment.Like-Kind means that both the property sold and the property purchased constitute a real property interest.
Examples of like-kind properties are : commercial, residential rental, raw land, 30-year leases. Property located in the United States is not like-kind to foreign property.
REALTORŪ Kathryn Petty-Tubman (S) is an 1031 Exchange expert on Maui. She understands the ins and outs of South Maui, specializing in the upscale communities of Wailea and Makena, adjacent to comfortable, vibrant Kihei and just 30 minutes from the Kahului Airport.
For more information on 1031 Exchange on Maui, don't hesitate to contact Kathryn Tubman at (808)276-3311. You can also browse our website and be sure to check back regularly for daily updated listings. Our website is userfriendly that offers a wealth of information on Maui real estate.
Mahalo & Aloha,
Kathryn E Petty-Tubman, RS