ELIGIBILITY
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Personal property
Also called: equipment · machinery · business personal property
Property that is not real property, such as many items of equipment, machinery, vehicles and other movable assets.
What it means in practice.
Since 2018, Section 1031 generally no longer applies to personal or intangible property, although separate tax rules may apply.
Why it matters.
Older articles can be misleading because pre-2018 exchanges could involve property categories that are no longer eligible.
Additional notes.
Since 2018, Section 1031 generally no longer applies to personal or intangible property, although separate tax rules may apply.
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