What is exchange kind like meaning definition
Define Like-Kind Exchange facts. Notion of productive use in a trade or business or for investment.

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Like-Kind Exchange Definition

What LIKE-KIND EXCHANGE means: An exchange of property held for productive use in a trade or business or for investment (except inventory and stocks and bonds) for property of the same type. Unless different property is received (called boot), the exchange is nontaxable in the current year. Any gain or loss is not recognized until the property received in the exchange is sold or disposed of. Like-kind exchanges are reported on Form 8824.

Definition Legally Separated:
Dictionary Separated under a decree of separate maintenance that requires the spouses to live apart like-kind exchange definition.
Definition Listed Property:
Dictionary includes passenger autos and other property used for transportation, property generally used for purposes of entertainment, recreation, or amusement, computers not used exclusively at a regular like-kind exchange explain.
Definition Lifetime Learning Credit:
Dictionary credit equal to 20% of the first $10,000 of qualified higher education tuition and fees paid during the year on behalf of the taxpayer, his or her spouse, or his or her dependents. Students attending like-kind exchange what is.
Definition Lessee:
Dictionary One who rents property from another. In the case of real estate, the lessee is also known as the tenant like-kind exchange meaning.

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