Like Kind Exchange Rules 2024 Rules

Like Kind Exchange Rules 2024 Rules. If you follow the rules. As most recently amended under the tax cuts and jobs act (tcja), irc section 1031 (a) states the general rule that no gain or loss is recognized on the exchange of real property held for.

New rules maintain the same 180 days as the maximum period, like erstwhile rules, within which the compounding application should be disposed of by the compounding. A key rule about 1031 exchanges is that they’re generally only for business or investment properties.