Important Considerations When Engaging In A Like-Kind Exchange

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 an investment. It can … Continue reading “Important Considerations When Engaging In A Like-Kind Exchange”