Like-Kind Exchange Tax Manager

Like-Kind Exchange Tax Manager Free App

Rated 0.00/5 (0) —  Free Android application by SSEIIF SA ®

About Like-Kind Exchange Tax Manager

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.

The exchange can include like-kind property exclusively or it can include like-kind property along with cash, liabilities and property that are not like-kind. If you receive cash, relief from debt, or property that is not like-kind, however, you may trigger some taxable gain in the year of the exchange. There can be both deferred and recognized gain in the same transaction when a taxpayer exchanges for like-kind property of lesser value.

This App fact sheet, the 21st in the Tax Gap series, provides additional guidance to taxpayers regarding the rules and regulations governing deferred like-kind exchanges.

How to Download / Install

Download and install Like-Kind Exchange Tax Manager version 1.2 on your Android device!
Downloaded 50+ times, content rating: Not rated
Android package: com.sseiif.real_estate, download Like-Kind Exchange Tax Manager.apk

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Android app

App History & Updates

What's Changed
App can store up to three profilebesides to professional profile (like property managers, lawyers, Accountants, CPA, Tax Managers,...)
App can store up to three properties by every unique profile for over than three consecutive years.
More downloads  Like-Kind Exchange Tax Manager reached 50 - 100 downloads

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amazing feature as tax companion

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amazing feature as tax companion


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