Important considerations when engaging in a like-kind exchange

Deferred Tax, Like-kind Exchange of Property, Small Business, Small Business Owners /

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A like-kind exchange is a swap of real property held for investment or for productive […]

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