Additional Rules for Exchanges of Personal Property Under Section 1031(a)

tax-irs · IRS · Rule · Published 2005-05-19 · Effective 2005-05-19 · 70 FR 28818

Document

Document number: 05-9960
Federal Register citation: 70 FR 28818
CFR reference: 26 CFR 1
Type: Rule
Action: Final regulations and removal of temporary regulations.
Category: tax-irs
Sub-agency: IRS
Publication date: 2005-05-19
Effective date: 2005-05-19
Treasury docket: TD 9202

Abstract

This document contains final regulations that replace the use of the Standard Industrial Classification (SIC) system with the North American Industry Classification System (NAICS) for determining what properties are of a like class for purposes of section 1031 of the Internal Revenue Code (Code). The regulations affect taxpayers that engage in like-kind exchanges of depreciable tangible personal property.

Source

Authoritative: Federal Register document
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