Like-kind exchanges, also known as 1031 tax exchanges, are transactions that allow for the disposal of an asset and the acquisition of a similar replacement asset without creating a tax liability on the sale of the first asset.


Member of the California Board of Equalization George Runner wants to make sure that our members know that there is now more guidance regarding like-kind exchanges thanks to a precedential opinion adopted by the board.


State law requires the BOE to provide written rulings on taxpayer appeals if at least $500,000 is at issue, but those written decisions are not precedential unless the Board specifically authorizes it.

If you’re ever interested in a particular BOE case, you can watch archived and current Board meetings on our website. You may also subscribe to receive notices of legal decisions and opinions.


Thank you Mr. Runner for the update!  If you want to contact him directly about these issues, contact him directly at

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