Like-Kind Exchanges Fuel the Economy and Job Growth

A Section 1031 like-kind exchange is a transaction where a business or investor exchanges one property—real or personal—for another of like kind. The business or investor is able to defer taxes on any gain on the exchanged property until the replacement property is ultimately sold. The provision can be used in transactions with all types and sizes of real estate, including office buildings, farmland, warehouses, and undeveloped land, and is utilized by both commercial and residential