The short answer is no, unfortunately, you cannot do a 1031 exchange for international property. The rules and regulations for 1031 exchanges only apply to properties that are located within the United States.
However, there are some exceptions. If you have a property that is located within a US territory, such as Puerto Rico or the US Virgin Islands, then you may be able to do a 1031 exchange for that property.
Additionally, if you have a property that is located in Canada, you may be able to do a 1031 exchange through a special provision in the tax code. However, this provision is very specific and has some strict requirements that must be met, so it’s important to consult with a qualified tax professional before attempting a 1031 exchange for Canadian property.
In general, if you’re looking to do a 1031 exchange, it’s best to focus on properties that are located within the United States. Our team at 1031 Exchange Place is here to help you navigate the ins and outs of 1031 exchanges, so feel free to reach out to us with any questions or concerns you may have.