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WHAT IS LIKE-KIND PROPERTY?

 Pursuant to IRC §1031, capital gain tax deferment requires the exchange of "like-kind" relinquished property for other "like-kind" replacement property. Contrary to the commonly held misconception that exchanged properties must be of the exact same type - for example, that bare land be exchanged for bare land or an income property be exchanged for another income property - the actual definition of "like-kind" is far more empowering in its flexibility. Any real property held for investment or real property used in a trade or business can be exchanged for any other real property held for investment or real property used in a trade or business.

POTENTIAL "LIKE-KIND" PROPERTY EXCHANGES AND BENEFITS:

Search all real estate, investment and income property through out La Jolla, Pacific Beach and San Diego California.

Residential Income Property / Multi Residential Units

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Contact Information

Prudential Dunn, Realtors A Realty Group, Realtor® Prudential Dunn, Realtors
7734 Herschel J
La Jolla, CA 92037

Toll free: 800 319-1031 / Phone: 858 245-7880
Cell: 858 245-7881 / Fax: 858 459-4753
E-mail: Click here / Website: EXCHANGECA.COM


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