Like-Kind Exchange
Sunday, December 21st, 2008
A like-kind exchange allows you to exchange one investment for another investment, under certain circumstances. There are like-kind provisions for life insurance policies, cars, equipment, and real estate. The real estate like-kind exchange, also known as a 1031 exchange or a starker exchange, is probably the most common.
The like-kind exchange is described in Section 1031 of the Internal Revenue Code and is further defined (more…)