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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>I am probably wording this incorrectly or awkwardly at best, but here is my inquiry: Can the proceeds from the sale of a business license (I-502 marijuana license to be exact in this case) be used to buy income property in a 1031 exchange?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thanks for any insight provided! <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><img width=243 height=43 style='width:2.5312in;height:.4479in' id="Picture_x0020_7" src="cid:image001.png@01D75B82.5F216860"><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='color:#2076E8'><a href="http://www.bwattorney.com/"><span style='color:#2076E8;text-decoration:none'>www.bwattorney.com</span></a> | <a href="mailto:betsy@bwattorney.com"><span style='color:#2076E8;text-decoration:none'>betsy@bwattorney.com</span></a> | 206.705.3613 | 5608 17<sup>th</sup> Ave NW, Ste 1181, Seattle, 98107<o:p></o:p></span></p><p class=MsoNormal><span style='color:#2076E8'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt'>NOTICE: The information contained in this email may be confidential and/or legally privileged. It has been sent for the sole use of the intended recipient(s). If the reader of this message is not an intended recipient, you are hereby notified that any unauthorized review, use, disclosure, dissemination, distribution or copying of this communication, or any of its contents, is strictly prohibited. If you have received this communication in error, please contact the sender by reply email, or at <span style='color:#2076E8'>(206) 705-3613</span>, and destroy all copies of the original message.</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>