What is Exchange Value?
For federal tax purposes, the amount of proceeds from sale of a Relinquished Property which a Taxpayer must spend on Replacement Property in order to have a fully deferred exchange.
Further Reading
For more detailed information, see our related Real Property terms:
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).