https://blog.fiducial.com/wp-content/uploads/2019/06/tax-planning_03-1.jpg 200 448 fiducial https://blog.fiducial.com/wp-content/uploads/2019/06/logo-2.png fiducial2015-01-25 23:04:082019-06-24 23:21:32LIKE-KIND EXCHANGE
Section 1031 of the tax code allows a taxpayer to exchange like-kind business and investment assets. This type of transaction is frequently referred to as a tax-free exchange, which is misleading since the tax is not “free” but instead is deferred to a later date when the replacement property is sold. Tax-free exchanges have special timing rules and this office should be consulted before proceeding with one.
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