admin / January 25, 2019
In the context of real estate, it is easy. Virtually any real estate is like-kind to any other real estate (such as vacant land for a strip shopping center, an office building for an apartment building, etc.). Personal residences cannot be exchanged. Foreign property cannot be exchanged for U.S. property. Long term leases of real estate (30 + years) can qualify as real estate for purposes of an exchange; this is useful in the context of ground leases.
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