RC section 1031 permits the tax-free exchange of like-kind property. If the transferor receives “boot” (such as cash) in addition to the like-kind property, the boot is currently taxable. The ...
Millions of Americans have much of their net worth invested in real estate. Equity in these properties should grow in value over time, but for many, it's "trapped" because it can't be accessed without ...
The IRS has provided a safe harbor for taxpayers who start a like-kind exchange but fail to complete the exchange because the qualified intermediary (QI) goes bankrupt and defaults on its obligation ...
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