Blogging Tulsa Real Estate: 1031 Exchanges of Personal Property -- How Specific Can it Get?

1031 Exchanges of Personal Property -- How Specific Can it Get?

If Sarah Palin auctioned the governor's plane on eBay, then there is a good chance that it was an investor who bought it as part of a 1031 Exchange of personal property.

Tell me what personal property you have seen exchanged in a 1031 Tax Deferred Exchange.

Can Western saddles be exchanged for English saddles?  If not, let's get more specific.

Can dressage saddles be exchanged for jumping saddles?

Can registered Quarter Horses be exchanged for Swedish Warmbloods?

You laugh, but this could be important if someone sells a ranch or a dressage farm. 

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Debbie Solano, CRS, ABR, CDPE, CHMS, e-PRO, GRI, REOS, SRES
Coldwell Banker Select, Realtors -- Land & Ranch Division
4408 S. Harvard Avenue
Tulsa, OK  74135

Office:  918-712-4473

Cell:  918-724-8201

FAX:  918-712-4310

 

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Comment balloon 1 commentDebbie Durkee • September 11 2008 09:29PM

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