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IRS and Treasury Department Release Final Regulations Regarding Like-Kind Exchanges | Bracewell LLP

To embed, copy and paste the code into your website or blog: On November 23, 2020, the IRS and Treasury Department released final regulations (the Final Regulations) under Section 1031 of the Internal Revenue Code of 1986, as amended (the Code).  Prior to the Tax Cuts and Jobs Act of 2017 (the TCJA), a taxpayer could defer the recognition of gain or loss under Code Section 1031 in connection with an exchange of like-kind personal property, certain intangible property, or real property, if such...
Treasury Department Final Regulations Internal Revenue Code Tax Cuts Jobs Act Code Section

IRS & Treasury Release Final Like-Kind Exchange Regulations

Tuesday, December 15, 2020 On November 23, 2020, the IRS and Treasury Department released final regulations (the Final Regulations) under Section 1031 of the Internal Revenue Code of 1986, as amended (the Code).  Prior to the Tax Cuts and Jobs Act of 2017 (the TCJA), a taxpayer could defer the recognition of gain or loss under Code Section 1031 in connection with an exchange of like-kind personal property, certain intangible property, or real property, if such property was used in ...
Treasury Department Final Regulations Internal Revenue Code Tax Cuts Jobs Act Code Section

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