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<p>[QUOTE=&quot;desertgem, post: 1365872, member: 15199&quot;]The section that allows tax exempt trades are with &quot;Like property&quot; and under IRS 1031 section. It has to be done through an intermediary, and having done it with rental exchanges is a pain as specific rules and time limits have to be maintained. The intermediary has to be be paid for the escrow and paper work.&nbsp; So unless you are exchanging gold for gold, it seems you are facing state and fed capital gains. Hopefully you have receipts with the price you paid or else the IRS will tax on current value, I do believe. Even trading female horses for male horses is not &quot;Like Property&quot; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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