The third type of disposal is a nontaxable exchange
wherein the transaction consideration is stock of the acquiring company or a minority equity interest in the disposed and recapitalized business.
Boot is money or any other property that doesn't qualify for nonrecognition of gain in an otherwise nontaxable exchange
A taxpayer can postpone depreciation recapture by using a nontaxable exchange
to dispose of an appreciated asset.
in a nontaxable exchange
that will result in an NOL carryover under Sec.
Generally the transfer of property from one spouse to another due to a divorce is a nontaxable exchange
under IRC section 1041.
20 (1998), the Tax Court held that a partial exchange of an existing annuity contract for a new annuity contract is a nontaxable exchange
The use of written contract assignments can alleviate any fear that the taxpayer may have with respect to the intermediary having title; it is critical that the taxpayer understand that the assignments are a required formality to ensure a nontaxable exchange
Instead of selling the stock outright, A organizes corporation C under the laws of Canada, then transfers the 100,000 X shares for C's entire capital stock in a nontaxable exchange
368(a) (1) specifies seven types of corporate reorganizations--A through G--that qualify for nontaxable exchange
Treasury Tax Legislative Counsel office suggested that the Treasury might prefer guidance in the form of additional regulations, which would limit nontaxable exchange
treatment to reverse transactions under specified circumstances.
IN CERTAIN SITUATIONS COST SEGREGATION may give rise to depreciation recapture as ordinary income in otherwise nontaxable exchanges
For example, such a system may analyze each lot sold to capture each element constituting the overall book-tax basis difference for that particular lot: amortization methods, nontaxable exchanges
, and so on.