Posted on: 23rd May, 2009 09:43 am
i want to know more about Section 1031?
It is related to the fact one can exchange one's property with another person mostly for the monetary gain purpose or for some productive use.
keep us informed.
[Link Deleted as per forum rules. Thanks.]
keep us informed.
[Link Deleted as per forum rules. Thanks.]
Hi robertsmith!
Welcome to forums!
Under Section 1031 of the United States Internal Revenue Code, with the exchange of certain types of properties, you may suspend the recognition of capital gains or losses which becomes due upon sale.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Under Section 1031 of the United States Internal Revenue Code, with the exchange of certain types of properties, you may suspend the recognition of capital gains or losses which becomes due upon sale.
Feel free to ask if you have further queries.
Sussane