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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 a trade or business or held for investment, and certain additional requirements were met. The TCJA, however, generally limited like-kind exchanges permitting the deferral of gain or loss recognition under Code Section 1031 to exchanges of real property.  ....

Treasury Department , Final Regulations , Internal Revenue Code , Tax Cuts , Jobs Act , Code Section , Proposed Regulations , Use Test , Land Treated , கருவூலம் துறை , இறுதி ஒழுங்குமுறைகள் , உள் வருவாய் குறியீடு , வரி வெட்டுக்கள் , வேலைகள் நாடகம் , குறியீடு பிரிவு , ப்ரபோஸ்ட் ஒழுங்குமுறைகள் , பயன்பாடு சோதனை , நில சிகிச்சை ,