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Have a question on 1031 exchange like for like. Rental of…

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Have a question on 1031 exchange like for like

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Rental of propane tanks selling a C corporation tanks have been deliverd on wheels to rent to home owners for propane delivers. Can a1031 exchange be done with the purchase of mobile homes rent them to home owners their on wheels. like for like will this work.

Submitted: 1 month ago.Category: Tax
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Answered in 4 days by:
3/17/2018
Tax Professional: Mark Anderson, Tax Attorney replied 1 month ago
Mark Anderson
Mark Anderson, Tax Attorney
Category: Tax
Satisfied Customers: 619
Experience: Tax attorney and accountant
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You could do a like kind exchange of propane tanks:

http://www2.econ.iastate.edu/faculty/harl/ABA_Conf_Section1031Exchanges.pdf

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