--- title: Non-Real Estate 1031 Exchanges description: Most people don't know you can do non-real estate 1031 exchanges. The truth is that Section 1031 applies to any like-kind assets held for investment. image: https://www.realized1031.com/hubfs/Images/photo/land/cows-outdoor-field-is000060820830.jpg --- [![Realized 1031 Exchange Marketplace](https://www.realized1031.com/hs-fs/hubfs/Images/Brand/Logo/Realized/Realized-Logo-Black.png?width=240&height=80&name=Realized-Logo-Black.png "Realized 1031 Logo") ](https://www.realized1031.com/) - [Wealth Management Gap](https://www.realized1031.com/the-wealth-management-gap) - [Our Process](https://www.realized1031.com/how-realized-works) - [Financial Advisors](https://www.realized1031.com/advisor) - [Resources](https://www.realized1031.com/resources) - [The Company](https://www.realized1031.com/about-us) - [Articles](https://www.realized1031.com/blog) [Register](https://www.realized1031.com/marketplace) [Log In](https://www.realized1031.com/login) - Better Business Bureau Rating: **A+** - [FINRA BrokerCheck](https://brokercheck.finra.org/firm/summary/22333) - [Call](tel:1-877-797-1031) **(877) 797-1031** # Non-Real Estate 1031 Exchanges Posted Mar 16, 2016 ![Cows walking on a great piece of 1031 Exchange qualified land](https://www.realized1031.com/hs-fs/hubfs/Images/photo/land/cows-outdoor-field-is000060820830.jpg?width=631&name=cows-outdoor-field-is000060820830.jpg "Cows walking on a great piece of 1031 Exchange qualified land") Did you know that 1031 exchanges aren’t just for real estate? In fact, you can exchange much more than you might think. For example, a farmer could exchange a herd of cows for another type of livestock, and in doing so defer capital gains tax. How is this possible? Section 1031 of the US tax code allows the deferral of capital gains and recapture taxes on many assets other than real estate. Like what? Some of the most common non-real estate exchanges involve airplanes, boats, heavy equipment, collectibles, art, and yes—even livestock. The main concept to remember is the term “[like-kind](https://www.realized1031.com/education/glossary/like-kind-property).” According to the IRS, the asset intended for exchange must be exchanged for an asset that is “the same nature or character.” In addition, both assets “must also be used in a trade or business or held for investment.” For instance, a collector could exchange a Picasso painting for a Vincent van Gogh one, and still defer any capital gains tax. As in the case of real estate, strict 1031 rules apply to non-real estate exchanges. The 45-day identification period and the 180-day closing period must still be adhered to for non-real estate exchanges. Additionally, a [qualified intermediary](https://www.realized1031.com/blog/simple-guide-to-choosing-a-1031-qualified-intermediary) must be used to hold the exchange funds in order to comply with IRS regulations. If you’re considering a non-real estate exchange, be sure to review all of the rules regarding tax-deferred exchanges, and speak with a financial planner to ensure it is is the right investment opportunity for you. *1031 exchange investing doesn't have to be difficult. That’s why we’ve created an investor guide that tackles the art and science of completing an exchange, and the pitfalls to avoid. ***What is a 1031 Exchange?** *features helpful charts, diagrams, timelines, and more. Get your copy today.* *[![Get The eBook](https://no-cache.hubspot.com/cta/default/733513/2d485397-fac0-4cc0-b154-7a1606eddd5a.png)](https://cta-redirect.hubspot.com/cta/redirect/733513/2d485397-fac0-4cc0-b154-7a1606eddd5a)* Download The Guide To 1031 Exchange [![The 1031 Investor's Guidebook](https://www.realized1031.com/hs-fs/hubfs/Images/UI/graphics/composites/1031-Exchange-eBook-250.png?width=250&height=250&name=1031-Exchange-eBook-250.png "Tackle the art and science of ...") ](https://www.realized1031.com/blog/non-real-estate-1031-exchanges#blogform) Download eBook ---   --- ### The 1031 Investor's Guidebook ![Download The Guide To 1031 Exchange](https://www.realized1031.com/hs-fs/hubfs/Images/UI/graphics/composites/1031-Exchange-eBook-550.jpg?width=550&height=650&name=1031-Exchange-eBook-550.jpg) Tackle the art and science of completing your 1031 exchange. By providing your email and phone number, you are opting to receive communications from Realized. 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Section 1031 of the US tax code allows the deferral of capital gains and recapture taxes on many assets other than real estate. Like what? Some of the most common non-real estate exchanges involve airplanes, boats, heavy equipment, collectibles, art, and yes—even livestock. The main concept to remember is the term “like-kind.” According to the IRS, the asset intended for exchange must be exchanged for an asset that is “the same nature or character.” In addition, both assets “must also be used in a trade or business or held for investment.” For instance, a collector could exchange a Picasso painting for a Vincent van Gogh one, and still defer any capital gains tax. As in the case of real estate, strict 1031 rules apply to non-real estate exchanges. The 45-day identification period and the 180-day closing period must still be adhered to for non-real estate exchanges. Additionally, a qualified intermediary must be used to hold the exchange funds in order to comply with IRS regulations. If you’re considering a non-real estate exchange, be sure to review all of the rules regarding tax-deferred exchanges, and speak with a financial planner to ensure it is is the right investment opportunity for you. 1031 exchange investing doesn't have to be difficult. That’s why we’ve created an investor guide that tackles the art and science of completing an exchange, and the pitfalls to avoid. What is a 1031 Exchange? features helpful charts, diagrams, timelines, and more. Get your copy today.", "articleSection" : [ "1031 Exchange" ], "author" : { "@type" : "Person", "email" : "marketing@realized1031.com", "image" : "", "name" : "The Realized Team", "url" : "https://www.realized1031.com/blog/author/the-realized-team" }, "dateModified" : "2020-12-02T20:11:08+0000", "datePublished" : "2020-12-02T20:11:08+0000", "description" : "Most people don't know you can do non-real estate 1031 exchanges. The truth is that Section 1031 applies to any like-kind assets held for investment. 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