1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago, 10/30/2023
Can you do a 1031 exchange on real estate in St. Thomas?
I am a property manager based in North Carolina. I have a client who is potentially interested in selling residential property in St. Thomas (in the U.S. Virgin Islands) and buying commercial property in the United States. However, I know little about tax law in U.S. Territories. Would my client still be able to avoid capital gains taxes by doing a 1031 exchange? Thanks for any feedback!