Statute section
IRC section 1031
Exchange of real property held for productive use or investment
Country
United States
Section
1031
Updated
2026-05-20
Operative text
Section 1031 provides nonrecognition treatment for exchanges of real property held for productive use in a trade or business or for investment. TCJA eliminated Section 1031 treatment for personal property, leaving only real property exchanges qualifying for like-kind exchange treatment.
Amendment history
2017-12-22
Pub. L. 115-97
TCJA limited Section 1031 to exchanges of real property only.
Cross-references
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This entry cites
Primary sources
- 26 U.S.C. section 1031Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.