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Resolved a sports card online business and started another one with a different name same year is this a like exchange

 
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2 Replies
ee-ea
Level 15

Resolved a sports card online business and started another one with a different name same year is this a like exchange

ThomasM125
Expert Alumni

Resolved a sports card online business and started another one with a different name same year is this a like exchange

The like kind exchange regulations apply to business property, normally real estate. As such, it would not apply to something intangible, such as the business you refer to. So, @ee-ea is correct, you can not apply it to the transition from one business to another.

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