X hits on this document

Powerpoint document

CCH Federal Taxation Basic Principles Chapter 11 Property Transactions: Nonrecognition of Gains and ... - page 38 / 66

209 views

0 shares

0 downloads

0 comments

38 / 66

CCH Federal Taxation Basic Principles

38 of  66

Code Sec. 197 Property that Qualifies for Code Sec. 1031 Treatment

No General Asset Classes are provided for Code Sec. 197 property.  To qualify, the Code Sec. 197 property must be of the same nature or character (e.g., a copyright for a patent is NOT OK; it must be a patent for a patent, or a copyright for a copyright).  In addition, the nature or character of the underlying property to which the Code Sec. 197 relates must be like-kind (e.g., a patent on a factory machine for a patent on an airplane engine is NOT OK; however, a patent on an airplane engine for a patent on a helicopter engine IS OK).

Like-Kind Exchanges—Intangible Property

Chapter 11, Exhibit 11b

Document info
Document views209
Page views211
Page last viewedSat Jan 21 06:41:55 UTC 2017
Pages66
Paragraphs719
Words5391

Comments