Mineral Properties can Considered a Like-Kind Property for a 1031 Exchange

Mineral Property and Real Estate are both recorded at the County Courthouse on a Deed. Both can be considered "Like-Kind" properties for a 1031 Exchange.

From Investopedia.com...
"...a 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term—which gets its name from Internal Revenue Code (IRC) Section 1031..."

You should first consult with your CPA and/or tax advisor before moving forward.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.