judys3
Level 7
‎12-12-2025 02:46 PM

Customer sells building that was his self employed business.  Can this customer purchase an RV park in a 1031 exchange or can they purchased raw land to build an RV park in a 1031 Exchange.  

His realtor that is a business owner herself with multiple rental properties and has completed several 1031 exchanges tells him no it wouldn't qualify.  

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Terry53029
Level 15
Level 15
‎12-12-2025 03:00 PM

From what you are saying it sounds like it would be eligible, but here is a link from IRS for you to research

https://www.irs.gov/pub/irs-pdf/i8824.pdf

As a side note the rules changed in 2018, so be sure you are researching for the correct years

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sjrcpa
Level 15
‎12-12-2025 04:01 PM

Not clear from OP, but if client already sold the property and got the money, it is too late to do a 1031 exchange.


The more I know the more I don’t know.
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judys3
Level 7
‎12-12-2025 04:15 PM

Sorry. I just mean if he sells the building can he do a 1031 Exchange to buy the RV Park or raw land to build an RV Park. 

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sjrcpa
Level 15
‎12-12-2025 04:31 PM

Real estate for real estate, improved or unimproved, qualifies.


The more I know the more I don’t know.
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