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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.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

Get the Java™ Plug-in!

For more information about this Plug-in please visit: SUN's Java™ Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Description of Like Kind Property: Brief description of the property involved in this exchange.
Date of Transfer: Date the transfer of the received property or property given up took place.
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.

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Financial Calculators at www.javacalc.com
(612) 331-2291
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Minneapolis, MN 55413