trade, or investment.3There has been a robust debate on why real estate should enjoy such favored tax status when other investments like machinery and equipment must deal with capital gains on every sale regardless of reinvestment. As of 2021, however, the like-kind property...
Section 1031 of the Internal Revenue Code (IRC) provides for investors to defer capital gains taxes on the sale of business or investment property when they reinvest the proceeds of that sale in the purchase of a new business or investment property. “No gain or loss shall be recognized on ...