General Asset Classes

General Asset Classes are set forth in Treasury Regulation ยง1.1031(a)-2.

There are 13 classes in all. They are:

  1. Office furniture, fixtures, and equipment (asset class .11)
  2. Information systems (asset class .12)
  3. Data handling equipment, except computers (asset .13)
  4. Airplanes (airframes and engines) except those used in commercial or contract carrying of passengers or freight, and all helicopters (airframes and engines) (asset class .21)
  5. Automobiles, taxis (asset class.22)
  6. Buses (asset class.23)
  7. Light general-purpose trucks (asset class .241)
  8. Heavy general-purpose trucks (asset class .242)
  9. Railroad cars and locomotives, except those owned by railroad transportation companies (asset class .25)
  10. Tractor units for use over-the-road (asset class.26)
  11. Trailers and trailer-mounted containers (asset class .27)
  12. Vessels, barges, tugs, and similar water-transportation equipment (asset class .28)
  13. Industrial steam and electric generation and/or distribution systems (asset class.4)

Do you Qualify? Answer some basic questions to determine whether an exchange is right for you and your current situation.

"WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN EXCHANGE FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE EXCHANGE FACILITATOR, OR HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)