Search results with tag "Irc section 1031"
Like-Kind Exchanges Under IRC Section 1031 - IRS tax forms
www.irs.govIRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
1350 STATE OF SOUTH CAROLINA DEPARTMENT OF …
dor.sc.govThis is a simultaneous exchange and I am deferring the entire gain under IRC Section 1031. I will be recognizing part of the gain on the exchange. The amount of gain is entered in item 12. I am deferring the gain under IRC Section 1031 using a qualified intermediary and have completed the steps required by SC Revenue Ruling #09-13.
Tax Treatment of Transactions in Cryptocurrency and IRS ...
www.irs.gov•IRC Section 1031 –Like-Kind Exchanges –Prior to 1-1-2018, may be able to argue like-kind exchange for crypto-to-crypto trades –After 1-1-2018, like-kind exchanges must involve real estate. IRS Guidance –Unresolved Issues ... Letter 6173 –Response under penalties of perjury IRS Issues Letters .