What is another name for a like-kind exchange?

1031 exchange
A like-kind exchange is also known as a 1031 exchange or a Starker exchange.

Does New Jersey recognize like-kind exchange?

As part of your New Jersey 1031 exchange transaction, you can include like-kind property exclusively in your deal, or it can include like-kind property along with cash, liabilities and property that are not like-kind.

How long do you have to do a like-kind exchange?

To receive the full benefit of a 1031 exchange, your replacement property should be of equal or greater value. You must identify a replacement property for the assets sold within 45 days and then conclude the exchange within 180 days.

What do you mean by like kind exchange?

Like-kind exchanges now limited to real property. Like-kind exchange treatment now applies only to exchanges of real property that is held for use in a trade or business or for investment. Real property, also called real estate, includes land and generally anything built on or attached to it. An exchange of real property held primarily…

Is the like kind exchange limited to real property?

IR-2018-227, November 19, 2018 WASHINGTON — The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property.

Is the 1031 exchange a sale or a like kind exchange?

Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one investment property for another. Although most swaps are taxable as sales, if yours meets the …

What kind of exchange is eligible for like kind treatment?

However, certain exchanges of mutual ditch, reservoir or irrigation stock are still eligible. Like-kind exchange treatment now applies only to exchanges of real property that is held for use in a trade or business or for investment. Real property, also called real estate, includes land and generally anything built on or attached to it.