§ 1.1031-0 Table of contents
§ 1.1031(a)-1 Property held for productive use in trade or business or for investment
§ 1.1031(a)-2 Additional rules for exchanges of personal property
§ 1.1031(a)-3 Definition of real property
§ 1.1031(b)-1 Receipt of other property or money in tax-free exchange
§ 1.1031(b)-2 Safe harbor for qualified intermediaries
§ 1.1031(c)-1 Nonrecognition of loss
§ 1.1031(d)-1 Property acquired upon a tax-free exchange
§ 1.1031(d)-1T Coordination of section 1060 with section 1031 (temporary)
§ 1.1031(d)-2 Treatment of assumption of liabilities
§ 1.1031(e)-1 Exchange of livestock of different sexes
§ 1.1031(j)-1 Exchanges of multiple properties
§ 1.1031(k)-1 Treatment of deferred exchanges
§ 1.1032-1 Disposition by a corporation of its own capital stock
§ 1.1032-2 Disposition by a corporation of stock of a controlling corporation in certain triangular reorganizations
§ 1.1032-3 Disposition of stock or stock options in certain transactions not qualifying under any other nonrecognition provision
§ 1.1033(a)-1 Involuntary conversions; nonrecognition of gain
§ 1.1033(a)-2 Involuntary conversion into similar property, into money or into dissimilar property
§ 1.1033(a)-3 Involuntary conversion of principal residence
§ 1.1033(b)-1 Basis of property acquired as a result of an involuntary conversion
§ 1.1033(c)-1 Disposition of excess property within irrigation project deemed to be involuntary conversion
§ 1.1033(d)-1 Destruction or disposition of livestock because of disease
§ 1.1033(e)-1 Sale or exchange of livestock solely on account of drought
§ 1.1033(g)-1 Condemnation of real property held for productive use in trade or business or for investment
§ 1.1033(h)-1 Effective date
§ 1.1035-1 Certain exchanges of insurance policies
§ 1.1036-1 Stock for stock of the same corporation
§ 1.1037-1 Certain exchanges of United States obligations
§ 1.1038-1 Reacquisitions of real property in satisfaction of indebtedness
§ 1.1038-2 Reacquisition and resale of property used as a principal residence
§ 1.1038-3 Election to have section 1038 apply for taxable years beginning after December 31, 1957
§ 1.1039-1 Certain sales of low-income housing projects
§ 1.1041-1T Treatment of transfer of property between spouses or incident to divorce (temporary)
§ 1.1041-2 Redemptions of stock
§ 1.1042-1T Questions and answers relating to the sales of stock to employee stock ownership plans or certain cooperatives (temporary)
§ 1.1044(a)-1 Time and manner for making election under the Omnibus Budget Reconciliation Act of 1993
§ 1.1045-1 Application to partnerships

Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Common Nontaxable Exchanges

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • domestic: when applied to a corporation * * * means created or organized in the United States or under the law of the United States or of any State or Territory. See 26 CFR 36.3121(l)(1)-1
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.