7. Is there any property that may not be traded under IRC Section 1031?

Yes. The following property is specifically excluded under I.R.C. Section 1031 and therefore cannot be of "like-kind":

  • Stock in trade or other property held primarily for sale
  • Stocks, Bonds, Notes or other Securities or Evidence of Indebtedness or Interest
  • Interests in a Partnership
  • Certificates of Trust or Beneficial Interest
  • Chooses is Action
  • Real Property located within the United States is no longer like-kind with Real Property located outside of the United States

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