Property that is “Like-Kind” to Land
Posted in Relinquished Property Options on Dec 8th, 2009
The term “like-kind” is the most misunderstood aspect of a Section 1031 exchange. There is no need for it to cause confusion for investors not accustomed to handling their real estate sales as an exchange. Investors often assume a literal interpretation of the term and miss the point of the definition encompassed in the Internal [...]
