Non-taxable Exchange Bias

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  A non-taxable exchange is an exchange wherein the taxpayer does not pay taxes on any gain or deduct losses. This non-taxable exchange is called like-kind exchange.

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  The IRS continues to explain the reason for the taxable income: "A barter exchange is any person or organization with members or clients that contract with each other (or with the barter exchange) to jointly trade or barter property or services.

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