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A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
Generally, "like kind" in terms of real estate, means any property that is classified real estate in any of the 50 U.S. states or Washington, D.C., and in some cases, the U.S. Virgin Islands. Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers".
Like can be used as a noun meaning "preference" or "kind". Examples: She had many likes and dislikes. We'll never see the like again. When used specifically on social media, it can refer to interactions with content posted by a user, commonly referred to as "likes" on websites such as Twitter or Instagram.
Tenants in common 1031 Exchange is a form of real estate asset ownership in the United States in which two or more persons have an undivided, fractional interest in the asset, where ownership shares are not required to be equal, and where ownership interests can be inherited.
The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. [1] It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches ...
His most significant contribution is the concept of the consciousness of kind, which is a state of mind whereby one conscious being recognizes another as being of like mind. All human motives organize themselves around consciousness of kind as a determining principle.
Income in kind, or in-kind income, is income other than money income. [1] It includes many employee benefits and government-provided goods and services , such as toll-free roads, food stamps , public schooling , or socialized medicine .
A simile (/ ˈ s ɪ m əl i /) is a type of figure of speech that directly compares two things. [1] [2] Similes are often contrasted with metaphors, where similes necessarily compare two things using words such as "like", "as", while metaphors often create an implicit comparison (i.e. saying something "is" something else).