Ron Ricard - Investment Property Exchange Services, Inc

Personal Property Exchanges
October 19, 2009 · Ron Ricard - Investment Property Exchange Services, Inc · 2 Comments

Personal Property Exchanges – The Other Side of Section 1031

 Many Taxpayers are familiar with §1031 exchanges of real estate.  What many people do not know is that section 1031 applies equally to the exchange of personal property.  Taxpayers that sell personal property used in a trade or business or held for investment may miss a valuable opportunity to defer the tax gain on the sale if they do not consider like kind exchange treatment for their transaction. Read more