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Like Kind Exchange Calculator

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.

Like Kind Exchange Calculator Definitions

Date of Sale
Date the sale of the received property or property given up took place.
Date of Purchase
Date the purchase of the received property or property given up took place.
Description of Like Kind Property
Brief description of the property involved in this exchange.
Sales Price or Fair Market Value
The sales price or Fair Market Value (FMV) of the property sold.
Purchase Price or Fair Market Value
The purchase price or Fair Market Value (FMV) of the property received.
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.