What is like-kind exchange?
A Section 1031 exchange: a deferral mechanism that rolls gain on qualifying business or investment real estate into replacement property if strict timing and identification rules are met. Defers tax; does not erase it.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.