Updated almost 15 years ago on . Most recent reply
1031 Exchange???
Can a Canadian citizen without American citizenship take take part in a 1031 exchange???
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Bill Exeter
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Bill Exeter
#2 1031 Exchanges Contributor
Professional Services
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#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
Yes, as long as there is a U.S. Income Tax consequence, any foreign person or entity can complete a 1031 exchange out of and into U.S. investment property.
Likewise, any U.S. taxpayer that owns foreign investment property can complete a 1031 exchange by 1031 exchanging out of and into foreign (non-domestic) property.
- Bill Exeter
Exeter 1031 Exchange Services, LLC and Exeter Trust Company
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