ELIGIBILITY
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U.S. vs. foreign real property
Also called: domestic vs foreign property · foreign real estate
The rule that U.S. real property and real property outside the United States are not like kind to each other.
What it means in practice.
Federal Section 1031 treatment distinguishes domestic and foreign real property for like-kind purposes.
Why it matters.
A U.S. property generally cannot be exchanged for foreign real estate under Section 1031.
Additional notes.
Federal Section 1031 treatment distinguishes domestic and foreign real property for like-kind purposes.
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