Subject:  1031 Exchange
From:  Marie
Date:  Mon, 19 Jan 2004

Is it possible for foreign aliens to benefit from 1031 exchanges? Or must you be a citizen?

Marie

Answer

Date:  Mon, 02 Feb 2004

Hello Marie,

They do under U.S. tax laws, but foreign real estate is not considered to be like kind to U.S. real estate.

Good luck!
Mike Gray

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