26 CFR 1.1031(d)-1T
§ 1.1031(d)-1T Coordination of section 1060 with section 1031 (temporary).
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.1031(d)-1T, § 1.1031(d)-1T Coordination of section 1060 with section 1031 (temporary), United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/111464
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576701ec627e265b3d2f472310edb6882cf846ccf7b0877770d87fe22f50e11a
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Full text
If the properties exchanged under section 1031 are part of a group of assets which constitute a trade or business under section 1060, the like-kind property and other property or money which are treated as transferred in exchange for the like-kind property shall be excluded from the allocation rules of section 1060. However, section 1060 shall apply to property which is not like-kind property or other property or money which is treated as transferred in exchange for the like-kind property. For application of the section 1060 allocation rules to property which is not part of the like-kind exchange, see § 1.1060-1(b), (c), and (d) Example 1 in § 1.338-6(b), to which reference is made by § 1.1060-1(c)(2).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.