Posted 12/3/2025 17:41 (#11455870 - in reply to #11455698) Subject: RE: land swap
North Central Illinois
Yep, this! 1031 exchange is how dad avoids paying capital gains tax from the "sale" of his parcel that almost certainly has a lower basis than the current value.
The rules are complex and even moreso with IRS related party rules.
land swap
