Exam (elaborations)
CA DRE Exam Terminology Prep Questions with correct Answers
- Course
- Institution
1031 tax-deferred exchange - ANSWER-Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 1031 tax-deferred exchange -...
[Show more]