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

ajhansen91 · ‎March 9, 2022

ee-ea · ‎March 9, 2022

No. For more info than you want see this

https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx

ThomasM125 · ‎March 9, 2022

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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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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