What LIKE-KIND PROPERTY means: Like-kind property is property acquired in an exchange that is of the same type as the traded property. In addition to other requirements, both the traded and acquired proprerties must be either held for investment or used in a trade or business.
- Definition Load:
- Dictionary A load is a sales charge imposed when mutual fund shares are purchased or redeemed like-kind property definition.
- Definition Land Value:
- Dictionary land in a sale of real property that includes both land and improvements to the land, suhc as a building. Such a sale must be reported as two sales on the tax return: (1) land, and (2) improvements like-kind property 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 property what is.
- Definition Long-Term Capital Gains And Losses:
- Dictionary the sale or exchange of capital assets that have been held for more than 12 months. A net long-term capital gain is the excess of long-term gains over long-term losses, or vice versa for a net long like-kind property meaning.
How works Like-Kind Property meaning in Tax definitions L .
