A sale of property and subsequent purchase of like-kind property may be treated as a like-kind exchange if the two transactions are interdependent.

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This statement is true. A sale and purchase of like-kind property can qualify for like-kind exchange treatment under Section 1031 of the Internal Revenue Code if they are interdependent, meaning that the timing and terms of one transaction depend on the other. The IRS has specific rules and requirements for qualifying for like-kind exchange treatment, so it is important to consult with a tax professional before entering into such a transaction.

A Sale of Property and Subsequent Purchase of Like-Kind Property