Paragraph 2 d of section 1031 a of the internal revenue code of 1986 formerly i r c.
Internal revenue code 1031 tax deferred exchange.
In a 1031 exchange the seller of appreciated property may exchange appreciated.
Under section 1031 of the united states internal revenue code 26 u s c.
Section 1031 is a provision of the internal revenue code irc that allows business or investment property owners to defer federal taxes on some exchanges of real estate.
Generally if you make a like kind exchange you are not required to recognize a gain or loss under internal revenue code section 1031.
A 1031 exchange is a way to defer paying capital gains tax on the sale of property under section 1031 of the internal revenue service code.
What is section 1031.
Internal revenue code 1031.
1954 as amended by subsection a shall not apply in the case of any exchange pursuant to a binding contract in effect on march 1 1984 and at all times thereafter before the exchange.