Like Kind Exchange Explained

Like Kind Exchange Explained

A like kind exchange permits property property owners to sell a rental property and defer tax payments by reinvesting the proceeds into a like-kind property or rental properties. A like kind exchange is enabled by internal revenue code. The theory behind internal revenue code is to allow the property owner to reinvest the sale proceeds into another rental property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment rental property, we can assist in matching you with a qualified like kind broker. A like kind broker can help you explore your like kind exchange options. Contact us today for a free consultation.



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