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Jared Crouch
  • Real Estate Investor
  • Austin, TX
13
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57
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1031 exchange into Business

Jared Crouch
  • Real Estate Investor
  • Austin, TX
Posted

I apologize if this question has already been asked. Can you use a 1031 exchange to sell a rental property and purchase a business? 

A little background, I am in investor in Austin TX with with Duplex/SFH's and want to explore my options.

Thank you in advance. 

  • Jared Crouch
  • Most Popular Reply

    User Stats

    5,273
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    Steven Hamilton II
    • Accountant, Enrolled Agent
    • Grayslake, IL
    2,325
    Votes |
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    Steven Hamilton II
    • Accountant, Enrolled Agent
    • Grayslake, IL
    Replied

    No, you cannot as it is not considered like kind.

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
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