Don’t think that the like-kind exchange rules are just for real estate. They also apply to tangible business property.
Example: You can swap your old computers for new ones without paying current tax on the deal. But beware: Generally, the IRS is stricter on the definition of “like-kind” property than it is for real estate.
Report transactions on Form 8824, Like-Kind Exchanges, available at www.irs.gov/pub/irs-pdf/f8824.pdf.
- Small Business Tax Deduction Strategies No matches