IRS Resources
Educational summaries of IRS publications, notices, forms, and revenue procedures.
The Internal Revenue Code section that authorizes deferral of capital gains tax on the exchange of like-kind real property held for productive use in a trade or business or for investment.
The IRS form used to report a Section 1031 like-kind exchange for the tax year the relinquished property was transferred.
Explains the tax treatment of selling, exchanging, or otherwise disposing of property, including like-kind exchanges.
Explains how to determine the cost basis of property, including adjustments for depreciation, and the carryover basis in a like-kind exchange.
Provides a safe harbor for reverse 1031 exchanges using a qualified exchange accommodation arrangement (QEAA).
Sets forth the IRS's position on undivided fractional interests in real property and the conditions under which they will not be treated as an interest in a business entity — foundational for tenant-in-common (TIC) structures.