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Page 1: Like Kind Exchange Flowchart_v3

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

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