Discussion:1031 Exchange real estate to working interest

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Discussion Forum Index --> Advanced Tax Questions --> 1031 Exchange real estate to working interest
Discussion Forum Index --> Tax Questions --> 1031 Exchange real estate to working interest

Andyblue (talk|edits) said:

15 October 2007
Can a taxpayer exchange rental real estate (single family residence) for a TIC interest in oil and gas working interests?

Riley2 (talk|edits) said:

16 October 2007
Yes, the Service issued a Revenue Ruling on this. A working interest in an oil and gas property is real property.

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