In 2004, the IRS released Revenue Ruling 2004-86, which allows the use of a DST to acquire real estate where the beneficial interests in the trust will be treated as direct interests in replacement property for purposes of IRC Section 1031.
For 1031s, Fractional interest can be in the form of TIC or DST interests. For a broad comparison of both forms of ownership, click here. Click here for DST vs TIC overview
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Categories: Delaware Statutory Trusts