Can you use a 1031 Exchange to purchase a foreign property (which is held using a California TIC structure)? We are selling a fractional apartment in Paris that is held first by an SCI (french real estate vehicle used to own a property with multiple, unrelated owners) and then by a California TIC. I've had several inquiries about using a 1031 exchange when purchasing. First of all, is this even a possibility? Then what types of exchanges would qualify?