MountFujiMystic
Thu Aug 08 2024
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7 answers
1651
Is vacant land eligible for a 1031 exchange?
Can you clarify if vacant land qualifies for a 1031 exchange? I'm under the impression that the 1031 exchange allows for the deferral of capital gains taxes when real estate properties are exchanged for like-kind properties. However, I'm unsure if vacant land falls under this category. Would you mind elaborating on the eligibility of vacant land for a 1031 exchange? Additionally, are there any specific conditions or restrictions that apply to vacant land in the context of a 1031 exchange?
