TurboTax FAQ
TurboTax FAQ

Like-Kind Exchanged: Can I Exchange Like Foreign Assets for Like US Assets?

To qualify for a like-kind exchange, both properties or assets must be from the same source. Only US properties can be exchanged for other US properties to qualify as a like-kind exchange.

Additional Information

See IRS Publication 544, Sales and Other Dispositions of Assets, for additional information.


SLN98995