Question: Does a 1031 like kind exchange apply only to real estate? Does a 1031 like kind exchange defer both federal and state taxes? yes, no

Does a 1031 like kind exchange apply only to real estate? Does a 1031 like kind exchange defer both federal and state taxes? yes, no no, yes O yes, yes no, no A 1031 like kind exchange defers the economic gain portion of taxes due on sale. A 1031 like kind exchange defers the deprecation recapture portion of taxes due on sale. O False, False True, False False, True True, True

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