http://www.flatelaw.com/tax-law/like-kind-exchanges/ A Practice Emphasizing Real Estate, Family Law, Business, Estate Planning, and Probate Fri, 10 Sep 2010 03:02:01 +0000 http://wordpress.org/?v=2.3.2 http://www.flatelaw.com/tax-law/like-kind-exchanges/#comment-27 » Like-Kind Exchanges Fri, 23 May 2008 21:56:00 +0000 http://www.flatelaw.com/tax-law/like-kind-exchanges/#comment-27 [...] M0 wrote an interesting post today onHere’s a quick excerpt Normally, capital gains are recognized and taxable upon the sale of property. The Tax Code provides an exception to this rule for certain exchanges of property. If all requirements are met, any gain from the exchange is not taxed, and any loss cannot be deducted. Gains or losses will not be recognized until the person who received property in the exchange sells or otherwise disposes of it. The most common type of nontaxable exchange is the exchange of property for the same kind of property, or [...] […] M0 wrote an interesting post today onHere’s a quick excerpt Normally, capital gains are recognized and taxable upon the sale of property. The Tax Code provides an exception to this rule for certain exchanges of property. If all requirements are met, any gain from the exchange is not taxed, and any loss cannot be deducted. Gains or losses will not be recognized until the person who received property in the exchange sells or otherwise disposes of it. The most common type of nontaxable exchange is the exchange of property for the same kind of property, or […]

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