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1031 Exchange
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Enter New Glossary Term:
Reverse Exchange
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| Enter Glossary Term Description:
An exchange whereby the taxpayer, or a separate entity set up by the taxpayer, acquires the replacement property 1 to 180 days before disposing of the relinquished property. The relinquished property is then transferred to a buyer. This method was sanctioned by an IRS Revenue Procedure in 2000. (See also FRONT LEG REVERSE AND BACK LEG REVERSE EXCHANGES.) |
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