like-kind

like-kind

adjective alike, analogous, another of simmlar quality, close copy, close imitation, close match, close reproduction, commensurable, comparable, comparative, comparison, correlative, correspondent, equal, equivalent, identical, like, near, of equal quality, parallel, related, relive, replicate, similar, sister, twin
Associated concepts: exchanges of like-kind properties, property of like-kind, quality of like-kind
References in periodicals archive ?
The like-kind exchange is fundamental to the real estate investment sector and helps many real estate professionals get their start.
7m of cash held in escrow for a like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended.
At closing, the sale proceeds were placed in escrow for the potential purchase of a replacement property under a like-kind exchange under Section 1031 of the Internal Revenue Code.
1031 exchange, otherwise known as a 1031 exchange or like-kind exchange, occurs if, within 180 days, an asset being relinquished is replaced (i.
Section 1031 lets investors defer capital-gains tax on the sale of the property if they reinvest the proceeds from that sale in like-kind property.
One tax concept that journal entries can help explain is like-kind exchanges of plant assets under Internal Revenue Code (IRC) section 1031.
1031 by exchanging California property and acquiring out-of-state like-kind property to file an annual information return to report the exchange to us.
To give a simplified illustration of how a like-kind exchange might work, suppose Paul lives in New Jersey and wants to retire in North Carolina.
Bramco Inc, a construction, mining and industrial equipment sales, rental and service network, has selected WTP Advisors' Like-Kind Exchange (LKE) affiliate, WTP Exchange.
gold for gold, or silver for silver), the transaction will generally receive nonrecognition treatment, subject to the rules for like-kind exchanges in IRC Section 1031 (see Q 7526).
Unfortunately, the rules for like-kind exchanges do not apply to exchanges of the following types of property:
Qualified intermediaries (QIs) and other facilitators of section 1031 exchanges expect to start seeing exchanges of trademarks and trade names now that the IRS has said they can be like-kind property eligible for the tax-free transaction.