Broadly stated, a 1031 exchange (also called a
or a Starker exchange) is a swap of one
for another. Most swaps are taxable as sales, altho… See more

Special rules apply when a depreciable property is exchanged. It can trigger a profit known as
, which is taxed as
In general, … See more

Before the passage of the
Tax Cuts and Jobs Act (TCJA)
in December 2017, some exchanges of personal property—such as franchise licenses, ai… See more

Classically, an exchange involves a simple swap of one property for another between two people. However, the odds of finding someone with the exact property that you want who … See more