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- Title
Like-Kind Exchange Corner.
- Authors
Foster, Mary B.
- Abstract
The article examines the method of constructing a like-kind exchange for real property in the U.S. It states that although a taxpayer frequently takes no cash in a transaction, the taxpayer faces significant benefit recognition as an outcome of having taken depreciation deductions backed by debt. It avers that the ability of engaging in a Code Section 1031 like-kind exchange is a valuable instrument to postpone what frequently can be significant gain recognition with no cash to pay tax.
- Subjects
UNITED States; FORECLOSURE; ACCOUNTS payable; TAX planning; CAPITAL losses; REAL property
- Publication
Journal of Passthrough Entities, 2009, Vol 12, Issue 2, p17
- ISSN
1099-7407
- Publication type
Article