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The Like-Kind Exchange of “Real Property” According to the Proposed Regulations

By Farrell Fritz P.C. on June 15, 2020
Posted in Federal

The Taxable Exchange

As a general rule, a taxpayer’s exchange of one property for another property is treated as a taxable event; the gain realized by the taxpayer – meaning the amount by which the fair market value of the property received by the taxpayer[i] exceeds the taxpayer’s adjusted basis (unrecovered investment) in the…

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