1031 Vocabulary
Section 1031
A provision of the Internal Revenue Code providing that no gain or loss shall be recognized on the exchange of property held for the productive use in a trade or business or for investment for like-kind property to be held for the productive use in a trade or business or for investment.
 
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Thursday, 11 March 2010
Multi-party exchange PDF Print E-mail
An exchange involving at least three parties. In a typical multi-party exchange, the exchanger transfers relinquished property through a qualified intermediary to a buyer. Later the exchanger acquires replacement property through the qualified intermediary from a seller. threecornerexchange.jpg
 
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