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IRS — 1031 Like-Kind Exchange
Like-kind exchanges under Internal Revenue Code Section 1031 allow businesses to exchange real property without recognizing gains or losses, though the Tax Cuts and Jobs Act limited this to real property only as of January 1, 2018. Form 8824 is used to report qualifying like-kind exchanges of real property that are of the same nature or character.
Built for AI agentsACO · 549 tokens
Summary
Like-kind exchanges under Internal Revenue Code Section 1031 allow businesses to exchange real property without recognizing gains or losses, though the Tax Cuts and Jobs Act limited this to real property only as of January 1, 2018. Form 8824 is used to report qualifying like-kind exchanges of real property that are of the same nature or character.
Tags
like-kind-exchanges · section-1031 · real-estate-tax · tax-deferred · business-property · irc
Key entities
Like-Kind Exchanges (concept, 0.99) · Internal Revenue Code Section 1031 (concept, 0.99) · Tax Cuts and Jobs Act (concept, 0.95) · Form 8824 (technology, 0.98) · Real Property (concept, 0.97) · Tax-Deferred Exchange (concept, 0.92)
Classification
reference · language en · status final
Provenance
claude-haiku-4-5 via @stacklist/be@0.1.0, confidence 0.85, 3 Jun 2026