S CARTER said:
I have heard that you can exchange into an annuity
but have not been able to locate any literature.
Any ideas?
For an exchange to be "like kind", the replacement property MUST be of (you
guessed it) like-kind. So you can not exchange land for an annuity, or a
car for an annuity, or a tractor for an annuity.
--
Paul A. Thomas, CPA
Athens, Georgia
(e-mail address removed)
WARNING: This post may contain violent
punctuation, explicit grammatical errors,
and a shocking ending with a preposition.