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1031 Exchange - Investment property in other countries
I figured I'd check with the pros on this one... Can you do a 1031 exchange when selling here in the states and buying in the Bahamas? Exploring all my options these days with the rising prices here in the states... Any info is appreciated...
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Bill Exeter
#2 1031 Exchanges Contributor
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- 1031 Exchange Qualified Intermediary
- San Diego, CA
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Hi @Al Skerrett,
@Bill B. is right on the money. You can sell foreign property and 1031 Exchange into other foreign property, but U.S property must be exchange for other U.S. property.