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1031 Exchange of Vacation Property and/or Second Home Does Qualify

By: Kim Englert Real Estate Views: 4152 | Comments: 0 | Votes: 1

Kim Englert

Can you 1031 exchange out of your vacation property or second home ("relinquished property") and into another "qualifying use" investment property, vacation property or second home ("like-kind replacement property") on a tax-deferred basis using a 1031 exchange? Proc. Proc. 2008-16 may still qualify for tax-deferred exchange treatment under Section 1031 of the IRC. Proc. Proc. More