MLchartDataset catalogue

Delayed exchange

Term · Law · MLC-T-LAW-001545

A transaction under Section 1031 of the Internal Revenue Code where a taxpayer sells relinquished property and subsequently acquires replacement property within a specified timeframe. The taxpayer does not directly receive the proceeds from the sale of the relinquished property; instead, a qualified intermediary holds the funds. The replacement property must be identified within 45 days and acquired within 180 days of the sale of the relinquished property.

Table 1. Record
IdentifierMLC-T-LAW-001545
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001545",
  "term": "Delayed exchange",
  "field": "Law",
  "definition": "A transaction under Section 1031 of the Internal Revenue Code where a taxpayer sells relinquished property and subsequently acquires replacement property within a specified timeframe. The taxpayer does not directly receive the proceeds from the sale of the relinquished property; instead, a qualified intermediary holds the funds. The replacement property must be identified within 45 days and acquired within 180 days of the sale of the relinquished property.",
  "url": "https://mlchart.com/terminology/law/delayed-exchange/"
}

Record 1,413 of 5,441 in Law terminology (MLC-0107). Request the full dataset.