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Article Date:
December 2012

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Tax Loss Trapped by Trade-In of Business Car

During our October 3, 2012, webinar for tax professionals, we received a question: Why not simply elect out of Section 1031 treatment when you have a big loss deduction on the trade-in of vehicles?


Our speaker that day said that he did not know the answer off the top of his head, but that he would research the question and send the answer to the webinar attendees.


The research for that answer prompted this article.




Henry Bird runs a successful small business, ... Log in to view full article.

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