Understanding Like-Kind Property in 1031 Exchanges

Brian Mathieson

Published on: 01/13/2026

Like-kind property is one of the most misunderstood aspects of a 1031 exchange. Many investors assume properties must be identical to qualify, but the IRS definition is far broader. This guide explains what like-kind really means, what qualifies, what doesn’t, and how understanding this rule can unlock greater flexibility and smarter investment strategies.