A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.
What is a Like-Kind Exchange?

A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.
You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.
The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.