As a general rule, real property is like-kind as to all other real property and will qualify for tax deferred treatment, as long as the property is held for productive use in trade or business, or for investment.
| PROPERTIES THAT QUALIFY | NON-QUALIFYING PROPERTIES |
|---|---|
| Bare land | Primary residence |
| Rental house | Foreign real property |
| Multiple properties | Short-term leaseholds |
| Fourplex | Partnership interests |
| Duplex | Second homes |
| Apartment | Inventory |
| Commercial property | Securities |
| 30-year lease |
