IRS takes on like-kind exchanges – Proposed regulations clarify definition of real property
$225.00
Description
Abstract: The IRS has released highly anticipated proposed regulations that provide critical guidance on Section 1031, or like-kind, exchanges in the wake of changes made by the Tax Cuts and Jobs Act (TCJA). Most importantly, the proposed regs define the term “real property” for purposes of determining whether property qualifies for a Sec. 1031 exchange. This article reviews the definition under the regs and a short sidebar looks at how “incidental” personal property is treated.
Additional information
| Year | |
|---|---|
| Niche | |
| Newsletter | |
| Issue | |
| Word Count |