A Professional Guide to Like-Kind Exchanges of Real Estate: Basics, Updates, and Examples
The ability to defer taxes through like-kind exchanges has long been a cornerstone of U.S. tax policy, tracing its origins to the Revenue Act of 1921. Modernized under Sec. 1031, this provision encourages economic growth by allowing taxpayers to defer taxes when exchanging real property of a similar kind. This guide provides an overview of […]