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Section 1031 |
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Section 1031 (26 U.S.C.§1031) The Internal Revenue Code section that addresses tax-deferred exchanges, also called like-kind exchanges. See 1031 exchange. To find the law's text, see the instructions at Section (federal code). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Regardless of the route you take --forward or reverse--the destination is the same: Under Internal Revenue Code Section 1031, so long as both the relinquished and replacement properties are used in business or held for investment, capital gains and other taxes are deferred until the replacement property is sold. INTERNAL REVENUE CODE SECTION 1031, tax deferred exchanges, provides one of the last available tax shelters by allowing permanent deferral of the payment of any taxes when investment properties are sold. These companies were acquired during March 2006 and perform tax-deferred property exchanges under Internal Revenue Code Section 1031. |
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