Which of the following property exchanges would NOT be eligible for a like-kind 1031 exchange?

A like-kind 1031 exchange allows real estate investors to defer capital gains taxes on property sales when they reinvest the proceeds into similar property. The key requirement for eligibility is that both the relinquished property and the replacement property must be considered "like-kind" and must be located within the United States.

Property outside the United States does not qualify for a 1031 exchange because the IRS has specified that only properties located within the U.S. can be exchanged in this manner. This means that if an investor sells a property in the U.S. and wants to purchase a property in another country, they would not be able to defer taxes on that transaction using a 1031 exchange.

Understanding that domestic properties can be exchanged is essential, and while personal property can also qualify under specific circumstances, the focus here is on real estate transactions. The same investment type emphasizes the necessity for the properties to serve a similar investment purpose. Thus, for an exchange to qualify, it must adhere to the criteria set by the IRS pertaining to location and the type of property involved.