Concept: Properties are not sold and bought but exchanged via a neutral third party. As a result taxes can be deferred. Rules: A federal law permits you to defer the payment of capital gains taxes when you sell (exchange) property and buy (replace) it with other “like kind” property or properties of equal or greater [...]
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The Author
Jeff Kerr is a real estate agent and member of full service real estate team chitownpropertygroup, affiliated with @properties, a leading brokerage in the Chicago area. He works with Chicago buyers, sellers, and developers. Learn more about Jeff and the services provided.
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Jeff Kerr, ABR
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