like kind exchange flowchart_v3
Post on 27-Apr-2015
78 Views
Preview:
DESCRIPTION
TRANSCRIPT
NOYES
NO
YES
NO
YES
YESNONOYES
YESNO
DO ASSETS INVOLVED INCLUDE INVENTORY, SECURITIES, ORPARTNERSHIP INTERESTS?
IS THE EXCHANGED PROPERTY:
1) Business to Business?2) Business to Investment?3) Investment to Business?
4) Investment to Investment?
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENT
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENT
IS THE EXCHANGEDPROPERTY:
1) Realty to Realty2) Personalty to Personalty
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENT
REALTY ORPERSONALTY?
REALTY PERSONALTY
IS THEPROPERTYFOREIGN?
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENTQUALIFIES FOR LIKE-
KIND TREATMENT
SAMEBUSINESS
CLASS?
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENT
IS DOMESTICPERSONALTYEXCHANGEDFOR FOREIGNPERSONALTY?
DOES NOT QUALIFYFOR LIKE-KIND
TREATMENTQUALIFIES FOR LIKE-
KIND TREATMENT
LIKE-KIND EXCHANGES : IRC SECTION 1031
top related