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Discuss the purpose of Section 1031. Discuss its applicability to property. What is meant by like-kind? Provide an example with numbers of the working of
Discuss the purpose of Section 1031. Discuss its applicability to "property". What is meant by "like-kind"? Provide an example with numbers of the working of the provision.
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Section 1031 of the Internal Revenue Code IRC provides for the deferral of capital gains tax on certain types of property exchanges The purpose of Section 1031 is to encourage investment stimulate eco...
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Entrepreneurship Successfully Launching New Ventures
Authors: Bruce R. Barringer, R. Duane Ireland
5th edition
133797198, 978-0133797190
