MLchartDataset catalogue

1031 exchange

Term · Law · MLC-T-LAW-000242

A transaction under United States tax law allowing an investor to defer capital gains taxes on the exchange of certain types of property. The property exchanged must be of "like-kind," meaning it is held for productive use in a trade or business or for investment. This deferral is permitted under Section 1031 of the Internal Revenue Code.

Table 1. Record
IdentifierMLC-T-LAW-000242
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000242",
  "term": "1031 exchange",
  "field": "Law",
  "definition": "A transaction under United States tax law allowing an investor to defer capital gains taxes on the exchange of certain types of property. The property exchanged must be of \"like-kind,\" meaning it is held for productive use in a trade or business or for investment. This deferral is permitted under Section 1031 of the Internal Revenue Code.",
  "url": "https://mlchart.com/terminology/law/1031-exchange/"
}

Record 1 of 5,441 in Law terminology (MLC-0107). Request the full dataset.