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Updated over 6 years ago,

Aaron Ziebart's profile image
Aaron Ziebart's profile image
Aaron Ziebart
  • Real Estate Agent
  • from Milwaukee, Wisconsin
  • Member since Jan 9, 2017
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Aaron Ziebart's profile image
Aaron Ziebart's profile image
Aaron Ziebart
  • Real Estate Agent
  • from Milwaukee, Wisconsin
  • Member since Jan 9, 2017
Connect
Aaron Ziebart
  • Real Estate Agent
  • Milwaukee, WI
0
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6
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Multi-Family and Apartment Investing

1031 Exchange Like Property

Aaron Ziebart
  • Real Estate Agent
  • Milwaukee, WI
Posted

I have a client that has an investment property that is a duplex and they are selling that duplex and want to do a 1031 Exchange for a multifamily apartment building with 26 units. Would this exchange qualify? The IRS website says it is possible for a "like-kind" exchange. Like-kind property is property of the same nature, character or class. It doesn't sound like it would be, but I have some connections that say it can be done. Let me know what you all think.

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