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1031 exchange

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jdomenjr1
Level 1

will a newly built residential unit (not renovated or upgraded building but brand new) in the US qualify as a like kind property for a residential rental unit in a 1031 exchange.  The relinquished property has been a rental unit for over 2 years.

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All-Star
Yes... assuming all the other requirements are met. Being 'brand new' is not relevant.
But I suspect there is more to this story?
Teach a man (or woman) to fish....
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All-Star
Who did the newly built?
How long did it take to build?
??? The less I know, the more I want to know.
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