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

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.