1031 Vocabulary
Reverse exchange
An exchange under which the exchanger acquires replacement property and subsequently transfers relinquished property.  Exchangers use title-parking arrangements to structure reverse exchanges.
 
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Thursday, 20 November 2008
Section 1031 PDF Print E-mail
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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