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Rental property to existing business
Is an exchange from a residential rental to an existing business allowed under the Starker rules?
I own a rental property in Scottsdale that I would like to sell, I exchanged into it three years ago. I’d like to continue the deferment by doing another 1031 exchange. With the real estate market what it is today, I feel like I could better maximize my investment by exchanging into a business verses another residential or commercial piece of real estate. Is this allowed?
I believe I know the answer but would like confirmation from those of you in the business who would be kind of enough to give me your feed back on...