Patent ID: 7379910

Claim:
An interactive, online qualified-intermediary computer system for transacting like-kind exchanges of an at least one relinquishment property for an at least one replacement property between a taxpayer, an at least one relinquishment property receiver, and an at least one replacement property provider, said computer system comprising at least one computer device, said at least one computer device programmed to: A) receive from the taxpayer, an input comprising a plurality of parameters that characterize a proposed exchange of the at least one relinquishment property with the at least one replacement property; B) provide a set of rules that define safe-harbor provisions for tax-deferred treatment of like-kind exchanges; C) in response to receiving the input in A), substantially simultaneously test the plurality of parameters that characterize the proposed exchange against the set of rules to determine whether the proposed exchange would meet safe-harbor provisions for tax-deferred treatment; D) for a result of C) that indicates that the proposed exchange would meet safe-harbor provisions for tax-deferred treatment, automatically transact at least a portion of the proposed exchange of the at least one property to be relinquished for the at least one replacement property, wherein automatically transacting at least a portion of the proposed exchange comprises automatically sending a notification of an assignment by the taxpayer of rights, wherein automatically sending the notification of the assignment by the taxpayer of rights comprises sending to a party to the exchange the notification of the assignment by the taxpayer of rights, wherein the party to the exchange is selected from a group comprising: the at least one relinquishment property receiver, and the at least one replacement property provider; and E) for a result of C) that indicates that the proposed exchange would not meet safe-harbor provisions for tax-deferred treatment, generate a notification to the taxpayer that the proposed exchange would not meet safe-harbor provisions for tax-deferred treatment.