Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

Can a US resident alien accomplish a IRC Section 1031 tax free exchange of UK rental property for US rental property?


ANSWER


The BIDaWIZ Team's Answer:

Real property in the United States and real property outside the United States are not like-kind properties. Therefore, the IRC 1031 exchange provision would not be applicable in this scenario.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions