Questions for 1031 exchange

A 1031 exchange has to be "like kind," meaning the exchange has to be one kind of property exchanged for the same kind of property.

Assuming you are talking about two properties that qualify for a

It is actually more complicated than that, and you should do it through a professional - do not try this at home!

A qualified 1031 exchange can be with anybody - individual, business, nonprofit, whatever. But it has to be an exchange for "like kind" property.

___ Stu

So I believe the answer to her question 1 is, thus, NO. Correct?

1. Can I sell a rental residential property and exchange it for a business ( example restaurant business)? Would such an exchange qualify for a 1031 exchange? Pls not in a business, I will NOT be buying the Real Estate. Only the Operations.

1. Can I buy the business first and within a few months later sell the rental property and use the 1031 exchange? Because it is difficult to time both transactions at the perfect time.

2. Are there any rules re: 1031 exchange of residential property to a business? Is the entire business qualified for a 1031 exchange or is it only the Goodwill etc? (I will NOT be buying the Real Estate. Only the Operations)

Your help would be highly appreciated. ============

Yes, the answer is no.