Like-Kind Intangible Assets and Other Real Property in a 1031 Exchange

For a valid Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange the properties must be like-kind real property. Commonly known examples of real property include office buildings, apartments, and land. There are however several additional types of intangible assets or other real property that is deemed like-kind through the federal regulations and underlying case law including perpetual easements, leases and permits, and many more. 

Learn more about these intangible assets and other real property types in this resource.