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.

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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.