Like Kind Exchange

If you exchange either business or investment property that is of the same nature or character, the IRS won't recognize it as a gain or loss. This calculator is designed to calculate recognized loss, gains and the basis for your newly received property.
 
 

Financial Calculators ©1998-2015 KJE Computer Solutions, LLC

Like Kind Exchange
$0
$10k
$100k
$1m
 
 
$0
$10k
$100k
$1m
 
 
 
$0
$10k
$100k
$1m
 
 
$0
$10k
$100k
$1m
 
 
 
$0
$10k
$100k
$1m
 
 
$0
$10k
$100k
$1m
 
 
 
Please view the report to see detailed results in tabular form.

Definitions

Date of Transfer
Date the transfer of the received property or property given up took place.
Description of Like Kind Property
Brief description of the property involved in this exchange.
Sales Price or Fair Market Value
The sales price or Fair Market Value (FMV) of the property.
Less Liabilities/Mortgages
Any liabilities or mortgages on the property.
Adjusted Basis
The adjusted basis of the property that was given up.
Exchange Expenses
Any expenses associated with this exchange.

The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.