Discussion:Section 1031
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Discussion Forum Index --> Consumer Questions --> Section 1031
Rfalbrecht@comcast.net (talk|edits) said: | 21 February 2006 |
| Is this section mandatory? | |
| 21 February 2006 | |
| No, in fact you have to follow specific criteria to qualify for a Section 1031 exchange. | |
| 22 February 2006 | |
| If you are asking if you can elect out of Sec. 1031, the answer is no you cannot elect out since Sec. 1031 is mandatory if all of the conditions of Sec. 1031 are satisfied. | |
Lester L Freeman (talk|edits) said: | 28 March 2008 |
| What qualifies as Section 1031 property? | |
| 28 March 2008 | |
| I've changed my answer: there is no such thing as 1031 property, there is only such a thing as 1031 treatment of property | |
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