Internal Revenue Code Section 1031
GPTKB entity
Statements (32)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:alsoKnownAs |
gptkb:1031_exchange
IRC Section 1031 |
| gptkbp:amendedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:appliesTo |
like-kind exchanges
real property business or investment property |
| gptkbp:codifiedIn |
gptkb:26_U.S.C._§_1031
|
| gptkbp:compatibleWith |
bonds
stocks notes inventory other securities partnership interests property held primarily for sale |
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:excludes |
personal property (after 2017)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Internal Revenue Code Section 1031
|
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:provides |
replacement property must be identified within 45 days
replacement property must be acquired within 180 days allows deferral of capital gains tax on exchange of like-kind real property |
| gptkbp:purpose |
deferral of capital gains tax
|
| gptkbp:regulates |
tax treatment of like-kind exchanges
|
| gptkbp:requires |
exchange of like-kind property
property held for productive use in trade or business or for investment qualified intermediary for exchange |
| gptkbp:startDate |
1921
|
| gptkbp:usedBy |
businesses
real estate investors |
| gptkbp:bfsParent |
gptkb:1031_exchange
|
| gptkbp:bfsLayer |
7
|