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Tax-Free Swaps (Hardcover: 334 pages)

Tax-Free Swaps
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Product Details: Tax-Free Swaps

Author:Bradley T. Borden
Format:Hardcover: 334 pages.
Publisher:DNA Pr (10/01/2007)
ISBN:1933255285
ISBN13:9781933255286
Reading Level:

Publisher Notes: Tax-Free Swaps

  • This diagrammed reference details the requirements and potential benefits of Internal Revenue Code section 1031. Because it is accessibile to billion-dollar corporations to individual property owners, section 1031 has been dubbed the "people's tax shelter." Originally enacted in 1921, section 1031 is the product of a fundamental principal of tax law: that a person should not pay gain-or-loss tax as long as the person remains invested in a single piece of property or property of a like kind. This guide explains how property owners can compute the tax benefit section 1031 provides, allowing them to make an educated decision as to whether to proceed with a section 1031 exchange.

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