Internal Revenue Code section 1031
id:
internal-revenue-code-section-1031-273-10376889
title:
Internal Revenue Code section 1031
text:
Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange. In 1979, this treatment was expanded by the courts to include non-simultaneous sale and purchase of real estate, a process sometimes called a Starker exchange. Before 2018, a wide array of property was covered by the deferment provisions of Sect
brand slug:
wiki
category slug:
encyclopedia
description:
Defer capital gains tax on real property
original url:
https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031
date created:
date modified:
2024-03-16T15:32:14Z
main entity:
{"identifier":"Q16847994","url":"https://www.wikidata.org/entity/Q16847994"}
image:
fields total:
13
integrity:
14