Where Can Relinquished And Replacement Properties Be Located?
U.S. 1031 Exchange Services, Inc. can provide Qualified Intermediary Services no matter where in the United States your relinquished and/or replacement properties are located. However, properties outside the United States cannot be used as either relinquished or replacement properties in 1031 Exchanges. Who Can Do A 1031 Exchange? United States citizens (whether individuals or domestic companies) who would otherwise be subject to capital gains tax under the Internal Revenue Code can defer taxes by participating in 1031 Exchanges. Remember, however, that foreign persons (non-resident aliens) and foreign companies who own income/investment property in the United States may also take advantage of 1031 Exchange tax deferral. In other words, you do not need to be a United States citizen or have a “green card” in order to take advantage of exchange treatment for your income and investment properties, so long as they are located in the United States. Types Of Exchanges There are simultaneous
