Sentences with phrase «exchange of personal residences»

Not exact matches

The identity verification process at Bitcoin exchanges typically involves providing personal information, such as date of birth, address, name and attaching proof of residence and proof of identity documents.

Internal Revenue Code Section 121 (d)(11) was amended per section 840 of the 2004 legislation for the property acquired as replacement property in a 1031 exchange, rented for two years, converted and later sold as a personal residence.

1979), the Ninth Circuit held that a personal residence of a taxpayer was not eligible for exchange under Section 1031, explaining that «[it] has long been the rule that use of property solely as a personal residence is antithetical to its being held for investment.»