Finding a tax break in a failed like-kind exchange

Above all, see your tax advisor

Above all, see your tax advisor. If you have a like-kind exchange in mind as the year winds down or seemingly can't pull one off as another year begins, then it is a good idea to keep this potential for tax deferral in mind. You will definitely want to consult a qualified tax advisor, and you should head to the IRS website (www.irs.gov) and download a copy of Publication 537. (That's the one covering installment sales.)

Finding a tax break in a failed like-kind exchange

By: chaitanya patel

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