Internal Revenue Code section 1031 financial definition of Internal Revenue Code section 1031. Internal Revenue Code section 1031 finance term by the Free Online Dictionary.

Section 1031

A section of the Internal Revenue Code that allows for the deferral of capital gains taxes on the exchange of two assets, of like kind even if of different quality, provided that the assets are used for a business purpose. Under Section 1031, the goods exchanged are not assessed capital gains taxes, or more properly, capital gains taxes are deferred until an asset is resold with no intention of reinvestment. Section 1031 also allows one to sell an asset with the intention to use the proceeds to buy a similar asset. For example, if a farmer sells his farm and uses the money to buy another farm, capital gains taxes are likely deferred on the money he made on the sale of the first farm. The same would be true if the he traded a farm for a farm. Stocks and bonds are expressly excluded from this preferential treatment.

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).

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1031 exchange accommodating party boot Form 8824 like-kind exchange reverse exchange Starker transaction tax-free exchange	Internal Revenue Code Section 1031 Also known as 1031 Exchange, this code section is a powerful way for commercial real estate Miami property owners and buyers to delay the onset of capital gains tax during transactions. Commercial Real Estate Miami Understanding the 1031 Exchange by Mark Michael Ferrer / Real estate industry community Business or Personal Property Exchange Although our discussion in this tutorial involves the typical exchange of real property, Internal Revenue Code Section 1031 does allow the exchange of many types of property other than real estate. Types of Tax Exchanges by Jason / Finance and Investment community The Internal Revenue Code Section 1031 gives property owners the opportunity to exchange their investment grade real estate for other investment property and defer any capital gains taxes. 1031's on increase as investors build wealth without tax burden by Torelli, Thomas / Real Estate Weekly	Intermediary Intermediate Bond Intermediate Target Intermediate Targets intermediate theory state Intermediate Trend Intermediate-Term Intermediate-Term Bond Intermediated Market intermediation Intermittency Intermodal Container Transfer Facility Internal Audit Internal Audit and Risk Compliance Service Internal Auditor Internal Balance Internal Expansion Internal Finance Internal Financing Internal Funds Internal Growth Rate Internal Market Internal Measure internal rate of return Internal Revenue Code Internal Revenue Code section 1031 Internal Revenue Service Internal Revenue Service Restructuring and Reform Act of 1998 Internalization Internalize Internally Efficient Market International Accounting Standards International Accounting Standards Board International Accounting Standards Committee International Accounting Unit International Accreditation Forum International Air Transport Association International Anti-Bribery Act of 1998 International Anticounterfeiting Coalition International Arbitrage International Asset Pricing Model International Association of Financial Engineers International Atomic Energy Agency International Atomic Energy List International Bank for Economic Cooperation International Bank for Reconstruction and Development International Banking Act International Banking Facility International Bond International Bonds International Business Opportunities Service	Internal resistance Internal resistance Internal Resistance After Thermal Shock Internal resorption Internal resorption Internal resorption Internal Resource Management Division Internal Resources internal respiration internal respiration internal respiration internal respiration internal respiration Internal respiratory nerve of Bell Internal respiratory nerve of Bell Internal respiratory nerve of Bell Internal Retrieval Associative Computer internal revenue internal revenue internal revenue internal revenue internal revenue agent Internal Revenue Allotment Internal Revenue Association Internal Revenue Bulletin Internal Revenue Code Internal Revenue Code Internal Revenue Code of 1986 Internal Revenue Code of 1986 Internal Revenue Code of 1986 Internal Revenue Code section 1031 Internal Revenue Federal Credit Union Internal Revenue Information Service Internal Revenue Information System Internal Revenue Manual Internal Revenue Service Internal Revenue Service Internal Revenue Service Internal Revenue Service Internal Revenue Service Internal Revenue Service Advisory Council Internal Revenue Service Code Internal Revenue Service Criminal Investigation Internal Revenue Service Criminal Investigation Division Internal Revenue Service Data Administration Plan Internal Revenue Service Design/Development Methodology Internal Revenue Service Document Internal Revenue Service Number Internal Revenue Service Office of the Chief Counsel Internal Revenue Service Restructuring and Reform Act Internal Revenue Service Restructuring and Reform Act of 1998 Internal Revenue Service Restructuring, and Reform Act of 1998 Internal Revenue Service Small Business/Self Employment Internal Revenue Tax Paid Internal Review Internal Review & Audit Compliance Internal Review And Systems Improvement Internal Review Audit Compliance Office Internal Review Board

Mentioned in

References in periodicals archive

Financial browser

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1031 exchange
accommodating party
boot
Form 8824
like-kind exchange
reverse exchange
Starker transaction
tax-free exchange

Internal Revenue Code Section 1031 Also known as 1031 Exchange, this code section is a powerful way for commercial real estate Miami property owners and buyers to delay the onset of capital gains tax during transactions.

Commercial Real Estate Miami Understanding the 1031 Exchange by Mark Michael Ferrer / Real estate industry community

Business or Personal Property Exchange Although our discussion in this tutorial involves the typical exchange of real property, Internal Revenue Code Section 1031 does allow the exchange of many types of property other than real estate.

Types of Tax Exchanges by Jason / Finance and Investment community

The Internal Revenue Code Section 1031 gives property owners the opportunity to exchange their investment grade real estate for other investment property and defer any capital gains taxes.

1031's on increase as investors build wealth without tax burden by Torelli, Thomas / Real Estate Weekly

intermediate theory state

Intermediate Trend

Intermediate-Term

Intermediate-Term Bond

Intermediated Market

intermediation

Intermittency