Your financial
assets include the cash in your checking and savings accounts, certificates of deposit, life insurance cash value, retirement accounts, the value of your home and real estate investments, stocks, bonds, mutual funds, treasury bills,
silver and gold
bullion, and even personal property such as cars, jewelry, art, and collectibles.
The major change to the 1031 code is the removal of tax deferral treatment for tangible and intangible personal property, including
assets such as collectible cars, aircraft, gold and
silver bullion, equipment, cars and trucks, franchise fees and licenses.