Tag: tax burden

What is ‘like kind’ where leasehold is concerned?

Thinking about exchanging your investment property? Knowing what ‘like kind’ means is crucial to successfully deferring your tax burden. As a general rule, real estate for real estate, regardless of zoning, is a fine trade. In other words, if you trade your investment condo (residential) for a five-unit apartment building (apartment), you’re fine. But trying…
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