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Tag: IRS form 8824

Two property deeds swapping places during a like-kind exchange, illustrating the tax deferral process.

Understanding Like-Kind Exchanges: A Tax-Efficient Approach for Business and Real Estate Transactions

February 11, 2025 FinanceFacts101 Business Finance

Introduction to Like-Kind Exchanges A like-kind exchange, also known as a 1031 exchange or Starker exchange, is a tax strategy that enables business owners, investors, and individuals to dispose of a capital asset while deferring the payment of capital gains taxes. This strategy is especially popular for those dealing with

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