CryptoBaroness
Fri Aug 09 2024
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5 answers
1044
Is gain deferred in a like-kind exchange tax-free?
Excuse me, could you please clarify for me if the gains made in a like-kind exchange are indeed tax-free? I'm trying to understand the tax implications of such transactions and whether they offer a potential advantage in terms of deferring tax liabilities. Could you expand on how the IRS treats these exchanges and whether there are any specific conditions that need to be met in order for the gains to be considered tax-free? Thank you in advance for your help in clarifying this matter.
