code_section · §1031
IRC Section 1031
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.
Key takeaways
- Applies only to real property held for business or investment.
- Personal-use property does not qualify.
- Like-kind is interpreted broadly for U.S. real estate.
Educational information only. The content on this page is general education and is not tax, legal, accounting, or investment advice. Consult your own CPA, attorney, and licensed investment professionals before making any decision related to a 1031 exchange or Delaware Statutory Trust.