Tax-deferred exchange

{
  "id": "MLC-T-LAW-004857",
  "term": "Tax-deferred exchange",
  "field": "Law",
  "definition": "A transaction that allows an investor to sell an asset and reinvest the proceeds into a similar asset without immediately recognizing a capital gain or loss for tax purposes. This deferral of taxes is permitted under specific provisions of tax law, such as Section 1031 of the Internal Revenue Code for like-kind exchanges of real property. The tax liability is postponed until the replacement property is eventually sold.",
  "url": "https://mlchart.com/terminology/law/tax-deferred-exchange/"
}