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Like-kind exchanges: Stay in parking zone

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in Small Business Tax,Small Business Tax Deduction Strategies

The “like-kind exchange” is one of the best tax breaks on the books. If you swap like-kind properties with another party—often one piece of real estate for another—there’s no tax liability if you complete the exchange in time. But it is seldom possible to arrange a one-for-one swap. Usually, multiple parties are involved.

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