Announcement

Collapse
No announcement yet.

Like kind exchange auto

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Like kind exchange auto

    Would a passenger automobile (camaro) traded for a light duty pickup (ford ranger) qualify as a like kind exchange?

    #2
    Yes. Vehicle for Vehicle is a like kind exchange regardless of the type of vehicles.

    Comment


      #3
      Originally posted by OldJack
      Yes. Vehicle for Vehicle is a like kind exchange regardless of the type of vehicles.
      That statement is overly broad. Automobiles and taxis are like kind. A light general purpose truck is not like kind to a bus or heavy general purpose truck.

      Comment


        #4
        Originally posted by Unregistered
        That statement is overly broad..
        I stand corrected, you do have to stay within the same class of property.

        Comment

        Working...
        X