Opportunities and Obstacles §1031 Like-Kind Exchanges Involving Tenant-in-Common Properties

Overview

Undivided fractional interests in real estate held as tenants-in-common (TIC) may be exchanged for likekind property under Section 1031 of the Internal Revenue Code. The availability of Section 1031 taxdeferred treatment for transfer of TIC ownership interests presents today's investors with expanded investment opportunities but comes with new types of risks.

Advisor Thinking