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A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
Section 1031(a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.
The role of a QI is defined in Treas. Reg. §1.1031(k)-1(g)(4). Under IRC Section 1031 an owner of business or investment property may exchange that property for other like-kind property within a statutorily mandated period of time, and defer current recognition of gain on the sale of the old property.
Country name: English short name officially used by the ISO 3166 Maintenance Agency (ISO 3166/MA) Year : Year when alpha-2 code was first officially assigned (1974, first edition of ISO 3166) ccTLD : Corresponding country code top-level domain (some are unassigned or inactive); exceptions where another ccTLD is assigned for the country are ...
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Highlighted rows indicate those entries in which the three-letter codes differ from column to column. The last column indicates the number of codes present followed by letters to indicate which codes are present (O for Olympic, F for FIFA, and I for ISO) and dashes when a code is absent; capital letters indicate codes which match; lower case ...
The two-letter country codes were used by the US government for geographical data processing in many publications, such as the CIA World Factbook. The standard is also known as DAFIF 0413 ed 7 Amdt. No. 3 (Nov 2003) and as DIA 65-18 (Defense Intelligence Agency, 1994, "Geopolitical Data Elements and Related Features").