What is a 1031 Exchange? A Beginner’s Guide
Property Metrics
DECEMBER 10, 2021
While in the QI’s hands, the owner can use the sales proceeds for renovations on the replacement property. IRS Ruling 2004-86 allows for the exchange of sales proceeds into something called a Delaware Statutory Trust (DST). By definition, securities in a REIT are not considered “like kind” to a physical property so it isn’t possible.
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