Besides real estate and personal property, the other types of property that are approved for 1031 treatment fall into the category of:
a. Intangible, non-depreciable personal property such as patents, copyrights and trademarks;
b. Non-depreciable personal property such as art, antiques and coin collections.
While there is little guidance regarding these transactions, particularly as it relates to like-kind issues, we are well versed in handling this type of exchange. For instance we have handled transactions on collectible cars and rare musical instruments.
