Real Estate Exchanges Under Section 1031 I.R.C.Virginia Law Foundation, 1999 - Capital gains tax |
Contents
OVERVIEW AND STATUATORY REQUIREMENTS OF SECTION 1031 IRC I Overview | 1 |
Statutory Requirements | 3 |
DEVELOPMENT OF EXCHANGING I Parties to an Exchange | 11 |
Copyright | |
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Common terms and phrases
1031 Exchanges actual or constructive adjusted basis aggregate fair market amount of gain apply asset class automobile Buyer cash boot constructive receipt deferred exchange determined disqualified person EXAMPLE excess liabilities assumed exchange accommodation titleholder exchange agreement exchange group deficiency exchange period Exchangor fair market value federal income tax four-plex gain or loss gain realized gain recognized held for productive identification period identified replacement property identifies real property investment like-kind exchange like-kind property like-kind replacement property multiple properties November 13 obtain the benefits otherwise obtain partnership personal property properties exchanged property held property received property transferred property X purposes of section pursuant qualified escrow account qualified intermediary real estate recognized with respect recognizes gain refinancing related party relinquished property residual group revenue procedure rights to receive rules safe harbor second exchange group seller series E bonds taxable taxpayer receives trade or business transaction transfers real property treated