Generally, if you make a likekind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031. Visit our library of important 1031 exchange forms.The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. You can perform a 1031 exchange with foreign properties, so long as your relinquished and replacement properties are both located outside the United States. Start your 1031 Reverse Exchange here. Please provide us with as much information as possible.