If it’s an asset, you can exchange it via Section 1031 (well, it’s nearly that broad). With very few exceptions including stock in trade, stocks, bonds, notes and certain ownership interests, any business-use or investment asset is eligible for a 1031 Exchange under Section § 1031 of the Internal Revenue Code. This includes not just real estate but also equipment, vehicles, collectibles and nearly every other tangible asset in existence. Even certain intangibles such as licenses and patents are allowable. Before replacing or upgrading another asset, contact EquipEx for objective information and your tax professional to ascertain available 1031 Exchange benefits. In many cases, the positive impact to your cash flow and ultimately to your bottom line is substantial!