26 U.S.C. § 1031
Definition
A provision of the Internal Revenue Code that governs like-kind exchanges of real property held for productive use or investment, providing that no gain or loss is recognized on the exchange of real property if it is exchanged for the same kind of real property to be put to the same use. A 1031 exchange allows a taxpayer to defer recognition of capital gains and tax liability.
The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.
To access the related rules, please start your free trial or log in.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Get full access FREE
With a 7-day free trial membership
Here's why 810,000 law students have relied on our key terms:
- A complete online legal dictionary of law terms and legal definitions
- Over 7,900 key terms written in plain English to help you not only understand the law but master it
- The premier online law dictionary built specifically for law students
- Easy access in class or on the go, accessible both online and through the Quimbee mobile app
- Reliable - written by legal professors and practitioners
- Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan