In addition, regardless of establishing that a property may be qualifying real property, certain types of property will never qualify due to the fact that they do not constitute real property interests. These interests include…
Surprisingly, as real estate savvy as most investors are in the Northeast, some may not be aware of the requirement that both the relinquished property being sold–and the replacement property being purchased–must be “held for investment or productive use in a trade or business.” Note that after the…