Like-kind Exchanges are Limited to Real Property

Important Tax Changes 2018, Big 3, 2019, Like-Kind Exchanges, Limitations

The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and individual in 2018 and the years ahead. One tax provision that taxpayers should be aware of is that like-kind exchanges are now generally limited to exchanges of real property. Here's what you need to know:

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