References in periodicals archive ?
The like-kind exchange is fundamental to the real estate investment sector and helps many real estate professionals get their start.
7m of cash held in escrow for a like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended.
The like-kind exchange defers the payment of income taxes on the gain from sale of 67 acres undeveloped Connecticut, US land it acquired in April 2017.
At closing, the sale proceeds were placed in escrow for the potential purchase of a replacement property under a like-kind exchange under Section 1031 of the Internal Revenue Code.
1031 exchange, otherwise known as a 1031 exchange or like-kind exchange, occurs if, within 180 days, an asset being relinquished is replaced (i.
Form FTB 3840 must be filed in the year in which the like-kind exchange is completed and each subsequent year that the gain or loss is deferred, regardless of whether the seller/exchanger has any other California filing requirement.
To give a simplified illustration of how a like-kind exchange might work, suppose Paul lives in New Jersey and wants to retire in North Carolina.
Bramco Inc, a construction, mining and industrial equipment sales, rental and service network, has selected WTP Advisors' Like-Kind Exchange (LKE) affiliate, WTP Exchange.
Thus, the exchange of bullion-type gold coins minted by one country for bullion-type gold coins minted by another country will qualify as a like-kind exchange.
Whether you engaged in a like-kind exchange in that situation depends on an analysis of each asset involved in the exchange.
Individual shareholders and partners often desire different results; some seek to participate in the like-kind exchange, while others desire to "cash out" of the entity.
As a result of the popularity of the non-recognition rule for like-kind exchanges, different techniques have emerged over the years to allow more taxpayers to participate in a variety of exchanges and meet the like-kind exchange requirements, such as: