He used a 1031 intermediary for this transaction, right? He cant just sell something then buy another, it all has to be done through an intermediary at the time of sale, he cant touch the money.
https://proconnect.intuit.com/community/individual/help/1040-completing-a-like-kind-exchange-of-busi...
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
