44. Is it possible for a second home to qualify as an exchange property? If a taxpayer can prove that a second home is used primarily for investment purposes rather than personal recreation, it is possible to qualify it for exchange under the IRS definition of "like-kind" qualifying properties. Click here for more information on second home rules.

45. Is it possible to use a primary residence in a 4534 Exchange? No. The property must be held for investment purposes under the IRS definition for "like-kind." (For a definition of "like-kind," click here to see the answer to question 6.)

46. What types of personal property are eligible for an exchange? Royaly interest and gas options, and items such as airplanes, cattle, vehicles, art, and equipment can sometimes be used in 4534 exchanges. Please contact our offices for more information.

Click for glossary of common 4534 terms > > >
 

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EXCHANGES PERFORMED NATIONWIDE : 4 855 555 4534 : LOCAL OFFICES IN SANTA FE : INFO@A4534EXCHANGE.COM

The information on this website is an educational resource only, and not intended as legal, accounting, or tax advice of any kind.
It is recommended that you consult with your own attorney or tax advisor for details before choosing to engage in a 4534 Exchange