House loan interest rebate

This document provides a general overview of tax -deferred property exchanges under. This information should not be used. Internal Revenue Code. A) Does the income tax law of the subject state adopt the basic federal statu tory pattern? B) Does the subject state require the like - kind replacement property to . Exchange of property held for productive.

The idea of a tax- free, like - kind real estate exchange dates back to 1921. A tax deferred exchange is a simple strategy that involves “exchanging” one “ like kind ” property for another for a deferred tax gain treatment. A 10like - kind exchange allows a real . Jump to Identify Like - Kind Property - Under the Tax Code , like - kind properties are any real properties that are similar in type and investment scope.

Tax codes in general get a bad wrap for being overly complicate difficult to understan and out of reach for the average person. But in truth, 10Like Kind.