Linda asks…Can water rights be exchanged under a section 1031 like-kind exchange?-S corporation wants to exchange commercial real estate in Ft Collins, Colorado for Water right from a unrelated third party. Both are worth 500,000. Can this qualify as a 1031 exchange?admin answers:As a 1031 Accommodator with First American Exchange Company, one of the country's largest 1031 Accommodators, let me answer your question more fully.
The big question here is does the State of Colorado recognize water rights as real property? If so, then you
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