Exchanges of Oil, Gas, and Mineral Interests

Oil, gas and mineral interests are real estate interests which qualify for a like-kind exchange with any other qualifying real estate interest including: A fee interest in real estate Fractional ownership interests 30+ year leasehold interests Other oil, gas and mineral interests Conservation easements Transferable development rights Right-of-way easements Water rights  Mutual irrigation ditch stock … Continue reading

1031 Exchanges Apply to More than Real Estate

By Larry Jensen Whenever the phrase “1031 Exchange” comes up, most of us automatically think of exchanges of real estate since this is the most common type. However, 1031 exchanges are much broader than real estate and the Section 1031 rules apply to many different types of transactions described below. Like-Kind Real Estate. Qualifying “real … Continue reading