Jennifer Ransom Rice

Like-kind exchanges now limited to real property

WASHINGTON — The Internal Revenue Service recently reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property. 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. Effective Jan. 1, 2018, …

Like-kind exchanges now limited to real property Read More »