The Sale of a Principal Residence Acquired Through a Like-Kind Exchange

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Description

When business or investment property is exchanged for property of a “like kind,” (often referred to as a 1031 exchange) no gain or loss is recognized on the exchange, and therefore, no tax is paid at the time of the exchange on any appreciation in the value of the property . This report discusses the like-kind exclusion, which is sometimes combined with the exclusion of tax on the gain from the sale of a principal residence. In effect, this combination can allow taxpayers to avoid paying tax on the gain from the sale of their investment property.

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4 Pages.

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Esenwein, Gregg A. April 12, 2005.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by the UNT Libraries Government Documents Department to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 62 times. More information about this report can be viewed below.

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When business or investment property is exchanged for property of a “like kind,” (often referred to as a 1031 exchange) no gain or loss is recognized on the exchange, and therefore, no tax is paid at the time of the exchange on any appreciation in the value of the property . This report discusses the like-kind exclusion, which is sometimes combined with the exclusion of tax on the gain from the sale of a principal residence. In effect, this combination can allow taxpayers to avoid paying tax on the gain from the sale of their investment property.

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4 Pages.

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Congressional Research Service Reports

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  • April 12, 2005

Added to The UNT Digital Library

  • March 19, 2016, 1:57 p.m.

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  • March 25, 2026, 6:34 p.m.

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Thumbnail image of item number 1 in: 'The Sale of a Principal Residence Acquired Through a Like-Kind Exchange'.
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Thumbnail image of item number 4 in: 'The Sale of a Principal Residence Acquired Through a Like-Kind Exchange'.

PDF Version Also Available for Download.

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Esenwein, Gregg A. The Sale of a Principal Residence Acquired Through a Like-Kind Exchange, report, April 12, 2005; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc821406/: accessed October 13, 2026), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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