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Real Property Interest Form

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[Music] hi there are a number of people out there that don't realize that in the context of section 1031 exchanges the sale of oil gas and mineral rights you know is a real property interest that is that comes up within the definition of like kind property under Section 1031 of the of the code of the tax code so that when somebody sells an oil gas or Minal interest the the sale of that interest you know can the proceeds from the sale of that interest can be utilized to acquire other like kind property which is property that the taxpayer or the land owner intends to acquire with the intention of holding it for investment purposes or productive use to trade or business and that's a broad array of different real property types whether it's bare land Farmland commercial property light industrial property residential rental properties both multif family and single family and a whole host of other types of properties out there the really uh the the the other thing tha

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