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What does not qualify The following assets can not be used in a 1031 Exchange:- Primary Residence
- Interest in Partnerships
- Foreign Property
- Money
- Stocks, Bonds, or Notes
- Stock in trade, inventory or other property held inherently for sale
Investors who attempt to exchange too quickly or trade many properties during one year may lose exchange benefits. These types of transactions may be considered stock in trade and unless it can be proven that the property(ies) acquired was held for investment, exchange benefits will be forfeited.
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