Definitions for "Section 1031"
Keywords:  irs, defer, revenue, starker, kind
Section of the IRS code that allows the deferral of capital gains tax on the exchange of "like kind" real estate properties.
A section of the IRS Code that deals with tax free exchanges of certain property.
This section of the Internal Revenue Code deals with tax-deferred exchanges of certain property. General rules for tax-deferred exchange of real estate state that the properties must be like-kind property (real estate for real estate), exchanged and held for use in a trade or business or held as an investment.