CCH Federal Taxation Basic Principles
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Like-Kind Exchanges—Intangible Property
Code Sec. 1.1031(a)(2) allows Code Sec. 1031 application to exchanges of intangible personal property that occur after 4/10/91.
Types of Code Sec. 197 intangible personal property
Intangible personal property includes: copyrights, covenants not to compete, formulas, franchises, goodwill, patents, processes, trademarks or trade names.
Chapter 11, Exhibit 11a