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Like Kind Exchange (LKE) Programs: A Case Study in Cash Flow Improvement

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If you’re a car rental company owner, you can dramatically improve your cash flow by implementing a proven tax strategy called a Like Kind Exchange (LKE) Program. Section 1031 of the Internal Revenue Code provides that tax gain is not recognized when business-use property is "exchanged" for other property of like kind, allowing  a company to convert otherwise taxable transactions into tax-deferred exchanges without disrupting the way they currently conduct their business.

By WTP Advisors