White Paper Explains Like Kind Exchange Program

To help improve cash flow, fleets can implement a tax strategy called a like kind exchange (LKE) program.

Internal Revenue Code Section 1031 allows taxpayers to defer federal income taxes on an exchange of like-kind properties held for business or investment purposes.

By taking advantage of a LKE program, a sale of a rental vehicle — that is followed within 180 days by a purchase of another rental vehicle — can qualify as a tax-deferred exchange.

Click here to learn more about a LKE program: http://www.autorentalnews.com/channel/rental-operations/whitepapers/detail/like-kind-exchange-lke-programs-a-case-study-in-cash-flow-improvement.aspx

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>