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1031

This is the year 1031; the number 1031 may also refer to:
  • 1031 form ? Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties.
  • 1031 exchange ? Transaction under United States law which specifies that if an asset is sold and the proceeds of the sale are then reinvested in a like kind asset, then no gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

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Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article



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