How to Do a Like Kind Exchange of Real Estate If you own investment, business, or rental real estate this book can save you thousands of dollars in capital gains taxes. It is a true how to do book. The IRS requires a taxpayer to use a qualified intermediary if they wish to take advantage of the 'safe harbor' procedures established in the IRS regulation for a deferred exchange. This book explains the important and mandatory tasks for both the qualified intermediary (QI) and the taxpayer in an exchange. Simple to follow instructions and forms in this book will help you - - Learn if your property qualifies for a 1031 like kind exchange - Figure how much tax you will have to pay Uncle Sam if you sell - Determine what your reinvestment requirements will be - Know what documentation is required - Understand the exchange escrow requirements and rules - How to report the exchange to the IRS and much more !!!