Strategic role
A qualifying like-kind exchange may defer recognition of gain when business or investment real property is exchanged for qualifying real property. Deferral is not the same as eliminating tax.
Decision intelligence
Let the investment lead.
An exchange is a planning consideration—not a reason to acquire the wrong property.
Replacement-property discipline
Define the income, risk, financing and ownership profile you want before selecting replacement candidates. A deadline should not substitute for underwriting.
Coordinate before committing
Engage qualified tax and legal professionals and, where appropriate, a qualified intermediary early. Confirm eligibility, deadlines, handling of proceeds and reporting for your specific transaction.