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Individuals, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other taxpaying entity may set up an exchange of business or investment properties for business or investment properties under Section 1031.
Form 8824 Instructions provide information on general rules and how to complete the form. Page Last Reviewed or Updated: 09-Oct-2024. Information about the like-kind exchange and requirements under IRS Code Section 1031 for recognizing a gain or loss.
17 sie 2024 · Section 1031 is a federal tax provision that allows a business or investment property owner to defer federal taxes on the gains from the sale of property if the proceeds are reinvested in...
8 wrz 2023 · A 1031 Exchange, also known as a like-kind exchange, is a transaction under U.S. tax law that allows an investor to defer capital gains taxes when they sell a property and reinvest the proceeds in a new, "like-kind" property. It's named after Section 1031 of the U.S. Internal Revenue Code.
Internal Revenue Code § 1031: What is a “1031 exchange?” without the immediate payment of capital gains tax. In a 1031 exchange, the seller of appreciated property may “exchange” appreciated property for other real property.
25 wrz 2024 · Read Internal Revenue Code (IRC) Section 1031, exchange of real property held for productive use or investment. View all Sec. 1031 resources on Tax Notes.
20 gru 2020 · The finalized regulations address the definition of real property for purposes of Internal Revenue Code (IRC) Section 1031 and provide a rule for receiving personal property that is incidental to real property received in a like-kind exchange.
