United States: Real Estate and Construction

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Article
Did You Know That You Can Buy Replacement Property Before Selling Your Existing Property And Still Qualify For A Nontaxable Like-Kind Exchange?
Assume that you want to make a tax-free exchange of your apartment building (the "relinquished property") for a retail strip center (the "replacement property"). You located a great deal on a retail center, but only if you close in 30 days. However, your buyer for the apartment cannot get its financing for 90 days.
United States Tax
TS
Taft Stettinius & Hollister
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