Video: Other Types of Real Property in a 1031 Exchange

In our latest educational video, we explore 1031 Exchanges involving oil, gas, mineral, timber, water, paleontological, and archeological rights. Under IRS Section 1031, these rights qualify as real property interests, allowing proceeds from their sale to be reinvested into other like-kind property through a 1031 Exchange. These types of properties can require careful documentation and considerations for a valid 1031 Exchange, especially when handling the sale of timber or water rights. In this video, we also discuss the critical need to ensure transactional documents clarify long-term interests, avoiding any confusion with the sale of physical items like artifacts or resources.

Watch to learn more about different types of real property interests allowed in a 1031 Exchange.