deferred gain

deferred gain

In a tax-deferred exchange, the amount of gain that escapes current taxation and is deferred until a later date,when the replacement property is sold.See 1031 exchange.

Deferred Gain

The part of realized gain on an exchange of property that is not currently taxed. The gain generally is taxed at the time the property acquired in the exchqnge is sold.
References in periodicals archive ?
Recorded gain on sale of real estate of $503,000, including $178,000 from the sale of undeveloped land located in Half Moon Bay, California and $325,000 from the recognition of a portion of previously deferred gain under the installment method due to partial repayment received on a carryback loan related to a property that had been sold in 2012
In 2007, the Company received net proceeds of approximately $58 million from the closing of this transaction and recorded a corresponding net deferred gain as a result of guarantying a portion of the property's indebtedness.
338(h)(10), Target would be deemed to liquidate, meaning the stock of Target (the item to which the deferred gain relates) would no longer exist as an asset within the Parent consolidated group.
AAWW's results for 2008 are expected to include a previously announced deferred gain of about USD155m (pre-tax) related to DHL Express' investment in a 49% equity interest in Polar Air Cargo Worldwide Inc.
Under a duly flied election, in the event of a taxpayer's death, the reproperty is included in his or her gross estate at fair market value, thus permanently avoiding federal income tax on the deferred gain.
The Corporation recorded a pre-tax deferred gain of $12.
3) In effect, the taxpayer's deferred gain is preserved in the reduced basis for the stock.
In addition, we recognized the deferred gain on the sale of a building sold 2002 and the deferred gain from collection of two note receivables in accordance with the requirements per SFAS No.
This is especially burdensome if there is deferred gain associated with the properly from previous See.
The redemption of the Series A Units is expected to trigger recognition of a pre-tax operating gain of approximately $68 million representing the portion of the deferred gain attributable to the Series A Units.
Section 1033 applied and both gains were deferred, but the taxpayer's basis in the new residence was $100,000 ($130,000 less the deferred gain of $30,000).