The proposed Section 1031 regulations after the TCJA a job well done by the IRS Matthew E. Rappaport
By: Rappaport, Matthew E
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Material type: 
ArticlePublisher: 2020Subject(s): PROPIEDAD INMOBILIARIA | TRANSMISION DE BIENES | COMPRAVENTA | IMPUESTOS | ESTADOS UNIDOSOnline resources: Click here to access online
In:
Journal of Taxation of Investments v. 38, n. 1, Fall 2020, p. 75-82Summary: The Tax Cuts and Jobs Act of 2017 revised Section 1031 by restricting the class of assets eligible for like-kind exchange treatment to real property. The legislative change raised two major issues: the definition of real property for Section 1031 purposes, and the treatment of personal property that is incidental to real property. On June 12, 2020, the IRS proposed regulations under Section 1031 and did stellar work addressing both issues. Taxpayers will still require careful tax planning for like-kind exchanges, but advisors
can look to these regulations for clear, practical guidance when analyzing tough fact patterns.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 235/2020/1-6 (Browse shelf) | Available | OP 235/2020/1-6 |
Disponible también en formato electrónico.
Resumen.
The Tax Cuts and Jobs Act of 2017 revised Section 1031 by restricting the class of assets eligible for like-kind exchange treatment to real property. The legislative change raised two major issues: the definition of real property for Section 1031 purposes, and the treatment of personal property that is incidental to real property. On June 12, 2020, the IRS proposed regulations under Section 1031 and did stellar work addressing both issues. Taxpayers will still require careful tax planning for like-kind exchanges, but advisors
can look to these regulations for clear, practical guidance when analyzing tough fact patterns.
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