No, REITs aren't like property to direct real estate ownership - they are a form of personal property not real property.This question is for a more real estate (specifically IRS rules) savvy person than I. Could the OP sell the condo and buy an appropriate REIT via a 1031 exchange?
Deferring the capital gains would probably have an impact on their decision.
Statistics: Posted by avalpert1 — Mon Sep 16, 2024 7:26 pm — Replies 7 — Views 424