- What are the requirements for a tax-deferred exchange of property?
- What is a "construction to suit" exchange?
- Is section 1031 on the chopping block?
The use of tax-deferred exchanges of property continues to grow as taxpayers, realtors, attorneys, and accountants have realized the benefits of Internal Revenue Code (I.R.C.) section 1031. This code section has been part of the IRC since 1921 but did not begin to grow in use until the 1980s. The use of this tax deferral mechanism has evolved from what were primarily real property exchanges into exchanges of personal property and real property interests of all kinds.