Properties that qualify as a 1031 Exchange
Qualifying properties may be rental property, offices, retail spaces, warehouses, manufacturing facilities, farms, plots of land, and in some cases even an office in home may qualify. To qualify as a 1031 exchange, the business or investment property must be sold/exchanged for another business or investment property.
Properties that DO NOT qualify as a 1031 Exchange
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Principle residence property sold to purchase another principal residence does not qualify. For Principal Residences, IRC Section 121 excludes gains of $250,000 on a single tax return and $500,000 on a married tax return, so there usually isn't a great need for the use of a 1031 Exchange anyway.
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Second homes, vacation property or any other personal use property does not qualify.
Primary Residence
Plot of Land
Primary Residence
Vacation Home