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Do aliens qualify to make 1031 exchanges?

February 18, 2004

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?



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

We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.

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Do aliens qualify to make 1031 exchanges?

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