The IRS has issued final regs related to Section 1031 like-kind exchanges.
novembro 30, 2020
In a nutshell, a Sec. 1031 like-kind exchange allows taxpayers to exchange one or more pieces of business or investment real estate for other business or investment real estate of equal or greater value without recognizing capital gain. Recognition of gain is deferred until the replacement property is sold.
The final regs modify the proposed regs’ definition of real property. They also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange. For more information: https://bit.ly/33ewRsc