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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Saturday, 04 July 2009
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“The explosion of section 1031 activity begs for a book like Borden’s. Borden has more than succeeded in his goal of balancing “technical description with presentation” in the complicated arena of section 1031 exchanges. His highly readable and comprehensive work will bring order and comprehension to the thinking of property owners, CPAs, brokers, attorneys, and other professionals that practice in the increasingly important area of section 1031. Borden is able to translate such technical terms as improvements exchange, exchange accommodation titleholder, and non-safe harbor reverse exchange into understandable and readable prose.”

Christian Johnson, Tax Law Professor, Loyola University of Chicago School of Law, and Certified Public Accountant
 
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