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<p>[QUOTE=&quot;medoraman, post: 1576366, member: 26302&quot;]If you did nothing at the time, then its all reportable capital gains. &quot;Like kind&quot; exchanges have to be identified beforehand, then executed in a certain time frame, and the two asset classes have to be judged similar enough, to qualify. If they do qualify then the basis of your previous asset rolls into the new asset, and you delay paying taxes on the gains. </p><p><br /></p><p>Like a lot of things, if you ask your accountant BEFORE you do something, they can help minimize taxes. If you ask them after the fact, its too late.[/QUOTE]</p><p><br /></p>

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