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Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the ... IRS Resources...
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www.irs.gov/businesses/small/industries/article/0,,id=9...
www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html
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Internal Revenue Code section 1031 - Wikipedia, the free encyclopedia
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Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and he...
en.wikipedia.org/wiki/Internal_Revenue_Code_section_103...
en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031
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For purposes of this section, an interest in a partnership which has in effect a valid election under section 761 (a) to be excluded from the application of all of subchapter K shall be treated as an interest in each of the assets of such partnership and not as an interest in a partnership.
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www2.law.cornell.edu/uscode/26/usc_sec_26_00001031----0...
www2.law.cornell.edu/uscode/26/usc_sec_26_00001031----000-.html
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A 1031 exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. ... It is within the Section 1031 of the Internal Revenue Code that we can find the appropriate tax code necessary for a successful exchange.
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www.1031exchangemadesimple.com/
www.1031exchangemadesimple.com/
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However, Section 1031 basically provides an exception to the general rule by providing that gain or loss will not be recognized on the exchange of business or investment property if it is exchanged for "like kind" property.
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www.meocpa.com/1031exch.html
www.meocpa.com/1031exch.html
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Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, ... IRS revenue procedure provide guidance for Section 1031 exchanges for property held in tenancy-in-common form, (Real Estate Finance, Aug. 2003). Q...
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www.realtor.org/library/library/fg408
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IRS Code Section 1031 allows an individual to defer capital gains on the sale of a property by quickly purchasing another property. Section 1031 of the Internal Revenue Service Code is commonly referred to as the “like kind exchange” provis...
http://www.essortment.com/career/sectionirs_sylu.htm
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Taxpayers find this requirement of section 1031 to be particularly onerous. ... In Fredericks v. Commissioner, TC Memo 1994-27 the IRS argued that the taxpayer received taxable boot in the amount of the proceeds of a refinancing occurring one week after the taxpayer entered into an agreement to convey the relinquished property.
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www.1031x.com/news-IRSandRefinance.cfm
www.1031x.com/news-IRSandRefinance.cfm
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Sec. 1031. Exchange of property held for productive use or investment. ... Capital Gains Exclusion??? Mixing up Section 121 and Section 1031 ...Read More ... IRS Liberalizes Refinancing...
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www.1031x.com/section_1031.cfm
www.1031x.com/section_1031.cfm
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