1. Like-kind means I must exchange the same type of property, such as apartment building for apartment building.
All real property is like-kind to other real property. For example, you can trade an apartment building for an office building. To read more about like-kind real estate, click here.
2. My attorney can handle this for me.
Not if your attorney has provided you any non-exchange related legal services within the two-year period prior to the exchange. Click here to read more about qualified and disqualified parties.
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