Do I permanently escape tax?

admin  /   January 25, 2019

No.  The like-kind exchange rule is a tax-deferral technique.  The new property purchased with the proceeds from the sale of old property has the same low tax basis as the old property.  When the new property is later sold, the original deferred gain, plus any additional gain realized since the purchase of the new property, is subject to tax.  Of course, one can sell the new property as part of another like-kind exchange and continue to roll over.

Premium WordPress Themes Download
Download Best WordPress Themes Free Download
Download WordPress Themes Free
Premium WordPress Themes Download
udemy paid course free download
download samsung firmware
Download Nulled WordPress Themes
free online course

« Previous   Next »