Like-Kind Exchanges financial definition of Like-Kind Exchanges. Like-Kind Exchanges finance term by the Free Online Dictionary.

Tax-Free Exchange

Under Section 1031 of the Internal Revenue Code, the exchange of two assets of like kind, even if of different quality, that are used for a business or for investment purposes. The goods exchanged are not assessed capital gains taxes. More precisely, capital gains taxes are deferred until an asset is resold with no intention of reinvestment. Tax-free exchanges also apply if one sells an asset with the intention to use the proceeds to buy a similar asset. For example, if a farmer sells his farm and uses the money to buy another farm, capital gains taxes are likely deferred on the money he made on the sale of the first farm. The same would be true if the he traded farm for farm.

tax-free exchange

An exchange of assets between taxpayers in which any gain or loss is not recognized in the period during which the exchange takes place. Rather, taxpayers are required to adjust the basis of assets exchanged.

tax-free exchange

A common term for a tax-deferred exchange. It is not tax free; one pays the taxes at a later date. See 1031 exchange.

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1031 exchange accommodating party deferred exchange delayed exchange like-kind exchange Trade-Free Exchanges	Real estate investors have long recognized the tax benefits of like-kind exchanges under Internal Revenue Code Section 1031. An overview of real estate like-kind exchanges by Leavins, John R.; Penkar, Samuel / Appraisal Journal However, a more subtle application of the recapture rules to otherwise qualifying like-kind exchanges occurs when the relinquished property is nonresidential realty placed in service before 1987 for which the straight-line method of cost recovery was not used. Beware of recapture gain in like-kind exchanges by Hamill, James R. / The Tax Adviser 90, pages 50-59), the Internal Revenue Service's new regulations on deferred like-kind exchanges were explored. Finally, guidance on like-kind exchanges; when do business swaps ... by Meulmester, David G. / Journal of Accountancy	Life-Cycle Fund life-of-loan cap life-support systems Lifecycle Fund Lifeline Account Lifestyle Fund lifestyle mall lifetime cap Lifetime Employment Lifetime Learning Credit Lifetime Reverse Mortgage LIFFE LIFO LIFO Liquidation Lift lift the automatic stay Lifted Lifting a Leg lifting clause lifting the stay light and air light industry Lighten Up Like-for-Like Sales like-kind exchange Like-Kind Exchanges Like-Kind Property Likuta Lima Stock Exchange Limbo Limit Limit Cycles Limit Down Limit if Touched Limit Move Limit on Close Limit on Close Order Limit Order Limit Order Book Limit Order Display Rule Limit Order Information System Limit Price Limit Up Limit up, limit down Limit-On-Open Order Limitacion voluntaria de las exportaciones Limitation on Asset Dispositions Limitation on Conversion Limitation on Liens Limitation on Merger, Consolidation, or Sale Limitation On Sale-and-Leaseback	like the devil like the devil like the dickens Like The Wind like there ain't no tomorrow like there's no tomorrow like there's no tomorrow Like This Like This (song) like thunder like to like to hear oneself talk Like Totally Awesome like tryin' to scratch your ear with your elbow like turkeys voting for Christmas Like Water for Chocolate like water off a duck's back like wildfire like wildfire like wildfire like wildfire Like, Duh, Obviously Like, Oh My Gosh like, you know Like-for-Like Sale Like-for-Like Sales like-jacking like-kind Like-Kind Exchange Like-Kind Exchanges Like-Kind Properties Like-Kind Property like-minded like-minded Like-Minded Countries Like-Minded Individual like-mindedness like-mindedness like-named likeability likeability likeable likeable likeableness likeableness likeably likeably liked liked liked Likehood likehood ratio likejacking likelier likelier likelier likeliest likeliest likeliest likelihood

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1031 exchange
accommodating party
deferred exchange
delayed exchange
like-kind exchange
Trade-Free Exchanges

Real estate investors have long recognized the tax benefits of like-kind exchanges under Internal Revenue Code Section 1031.

An overview of real estate like-kind exchanges by Leavins, John R.; Penkar, Samuel / Appraisal Journal

However, a more subtle application of the recapture rules to otherwise qualifying like-kind exchanges occurs when the relinquished property is nonresidential realty placed in service before 1987 for which the straight-line method of cost recovery was not used.

Beware of recapture gain in like-kind exchanges by Hamill, James R. / The Tax Adviser

90, pages 50-59), the Internal Revenue Service's new regulations on deferred like-kind exchanges were explored.

Finally, guidance on like-kind exchanges; when do business swaps ... by Meulmester, David G. / Journal of Accountancy