Sentences with phrase «held for productive»

Section 1031 of the Internal Revenue Code states: «No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.»

The safe harbor provided in this revenue procedure applies only to the determination of whether a dwelling unit qualifies as property held for productive use in a trade or business or for investment under Section 1031.

.01 Section 1031 (a) provides that no gain or loss is recognized on the exchange of property held for productive use in a trade or business or for investment (relinquished property) if the property is exchanged solely for property of like kind that is to be held either for productive use in a trade or business or for investment (replacement property).

In the interest of sound tax administration, this revenue procedure provides taxpayers with a safe harbor under which a dwelling unit will qualify as property held for productive use in a trade or business or for investment under Section 1031 even though a taxpayer occasionally uses the dwelling unit for personal purposes.

A dwelling unit that a taxpayer intends to be relinquished property in a Section 1031 exchange qualifies as property held for productive use in a trade or business or for investment if:

A dwelling unit that a taxpayer intends to be replacement property in a Section 1031 exchange qualifies as property held for productive use in a trade or business or for investment if:

1031 exchanges are routinely used by individuals, trusts, limited liability companies and corporations to defer short and long term federal and state capital gain and depreciation recapture taxes when selling and replacing real and personal property held for productive use of a business or for investment.

Known as a like - kind exchange, the Internal Revenue Code (IRC) Section 1031 allows the deferral of federal and state capital gain and depreciation recapture when property either real or personal held in the productive use of a business or for investment is exchanged solely for property held for productive use in a business or for investment.

The main requirement is that your property or business asset has been held for productive use in a trade or business, or for investment purposes, and be exchanged for like - kind replacement property.

The Income Tax Code section now refers exclusively to real estate assets, and has been retitled, «Exchange of real property held for productive use or investment.»

Was it purchased to fix and flip or held for productive use or investment?

Section 1031 of the Internal Revenue Code allows taxpayers who properly structure their transactions through a qualified intermediary to defer and potentially eliminate the income tax (i.e. Capital Gains, Depreciation Recapture) that would otherwise be due from the sale of property held for productive use in their trade or business or investment, when they purchase other «like - kind» property.

According to the Internal Revenue Code Section 1.1031, 1031 exchange allows no gain to be recognized when property held for productive use in business or for investment is exchanged for like - kind property held for productive use in business or for investment.

Property is either real or personal property held for productive use in a trade, business or for investment.

IRC Section 1031 states «no gain or loss is recognized when property held for productive use in a trade, business or investment is exchanged for property held for productive use in a trade, business or investment.»

When selling farmland or ranches capital gains and recaptured depreciation taxes can be deferred when the investment property or acreage is exchanged for any type of real property held for productive use in a business or for investment.

Section 1031 — Exchange of Property Held For Productive Use or Investment, 26 CFR 1.1031 (a)-1: Property held for productive use in trade or business or for investment.

Section 1031 of the Internal Revenue Code allows the deferral of capital gains tax on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like - kind which is to be held either for productive use in a trade or business or for investment.

In the words of the IRS «No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.»

Any real property held for productive use in a trade or business or for investment, whether improved or unimproved, is considered like - kind real property.

«No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like - kind which is to be held either for productive use in a trade or business or for investment.»

The requirement is you must be selling real estate that you purchased with the intent to hold for productive use in business, trade, or for investment and are going to purchase real estate that it is also your intent to hold for productive use...

But, it sounds to me like what you're actually doing is buying undervalued properties with the intent to «hold for productive use in business, trade, or investment».

Not exact matches

Setting goals, establishing a structure, and holding every participant accountable can give you exactly the resources you need to create a clear course for a productive meeting.

Maybe holding meetings for meetings» sake makes the miserable managers feel more productive, but they don't do much of anything for the business.

The show does not deal with the important things that go on at a community college which are basically apprenticeships in needed skilled careers required for a productive economy, as well as training in skills that can provide for the needs for one's own life and family in terms of holding a career in an honorable and albeit remunerative manner.

When you can simply tune in to whichever «reporter» best reflects your political views, you only sink deeper and deeper into your already held beliefs, which is never good for productive and enlightening dialog.

While some preliminary correspondence has been carried on with the European commission, and while all of us in the area - commission are aware of and grateful for the vigorous and productive work of the East Asian group — this is a discussion of matters which have arisen in the two meetings which have been held under my chairmanship in North America.

The amount of acrimony here with Christian's bashing atheists and being sanctimonious, as well as, the atheists trashing people of faith and demeaning what they hold sacred isn't very productive for anyone.

The platform, which has been held in Turkey for the first time, was succesful with many productive exchanges occuring throughout the day.

2017 is next year for this Dodgers team, one where Alex Wood is suddenly great and every major hitting prospect they held onto has blossomed into a productive player or star.

But in those first few months, when everything revolved around holding, bathing, changing and feeding my new baby, I needed those precious naptime hours to be productive for myself.

For Tomasi economic liberties appear to include a right to hold productive property; a right to engage in commercial contracts in one's interest, including a right to sell one's own labor on one's own terms; a right to make one's own decisions about savings and long - term financial planning; and, in general, a right to benefit from one's own economic activity.

Our first blog post touches briefly on events from a very productive last week, when we met with the Minister of State for Business and Energy at our exhibition at BIS, held our AGM and annual lunch, commented on Q1 GDP numbers, and arranged interviews on the BBC and Channel 4 with our Economics Director and Chairman, respectively.

Several studies have shown that this also holds true for Emiliania huxleyi, the world's most abundant and most productive calcifying organism.

When looking for someone to help you overcome whatever is holding you back from leading a productive life full of positive, loving relationships, it is beneficial to understand the differences between Psychiatrists (M.D.s), Psychologists (Ph.D. s -LSB-...]

When looking for someone to help you overcome whatever is holding you back from leading a productive life full of positive, loving relationships, it is beneficial to understand the differences between Psychiatrists (M.D.s), Psychologists (Ph.D. s &, Psy.D.s), and Licensed Psychotherapists (LCSWs, LMFTs, & LPCCs).

It's my hope that the below helps you have a clearer sense of what to expect in working with your PM, and how to hold you and your PM to a high bar for a productive relationship.

Yet, we do know that teachers who lack sufficient time with students, and students who spend too much time away from productive learning, are fighting an uphill battle in an environment where we hold increasingly high expectations for our children.

As schools and school districts can and have been successfully litigated for failure to conduct due diligence when selecting consultants, it is important to take the time to properly vet firms to see if they have the credentials and experience to not only hold up as experts in a court of law but more importantly to deliver high quality and effective services to help make schools safer and more productive learning environments.

The League of Women Voters of PA commends the plaintiffs for their courage in fighting to hold Harrisburg accountable and re-enforce the constitutional right of every child to receive an education that will allow them to become productive members of society.

In another suggestion for a productive mid-life turnaround for education, Jack details how to overturn San Antonio Independent School District vs Rodriguez, the Supreme Court ruling that held that a right to an education was not protected in our Constitution.

At the very least, it might make sense for critics of the Guild to hold their fire, look more closely, see if exploration isn't more productive than kneejerk condemnation.

The case will hold the tablet and the keyboard like a small Android laptop, which will be great for those who want to be a little more productive and perhaps crack through those emails or revise those documents.

For example, California has perhaps the most extensive and productive network of rescue organizations in the country, supported by provisions of the 1997 Hayden Bill that mandated shelter access and extended hold times for strays, but it has a weak network of low - cost or free spay / neuter servicFor example, California has perhaps the most extensive and productive network of rescue organizations in the country, supported by provisions of the 1997 Hayden Bill that mandated shelter access and extended hold times for strays, but it has a weak network of low - cost or free spay / neuter servicfor strays, but it has a weak network of low - cost or free spay / neuter services.

Crowne Plaza West Hanoi is a five - star property located downtown Hanoi close by the National Convention Centre and My Dinh Stadium.The hotel is a magnet for businessmen and regularly holds conventions, MICE meetings and motivational seminars.However, it is also an attractive and hospitable family destination and a good base from which to explore this fascinating and vibrant city.Accommodation at Crowne Plaza West Hanoi comprises Guest Rooms, Executive Club Level, and Suites - all top - level choices with a host of room amenities aimed at making your stay here as comfortable - and as productive - as possible.

Scenic Hudson, which holds a key place in the history of the grassroots environmental movement, has become a national leader in designing innovative strategies to acquire and protect productive agricultural land necessary for maintaining supplies of fresh, healthy food.

Call it the «tobacco - model;» and, it's not one wit different from the British tax on tea: The blood, sweat, toil and sacrifice of the productive is going to this evergreen army of Western bureaucrats whose justification for existence is that they used attorneys, courts, juries and the politics of fear and envy to gain a choke hold over sectors of the economy.

The commoditization of large smartphones is having a direct impact on tablet sales, especially in the Android arena, and while the overall market is growing, it appears that consumers are choosing to buy larger, mid-range smartphones and hold on to their laptops for more comprehensive productive spurts.

FlexJobs holds true to their mission by providing flexible jobs for their staff thereby allowing us to be more productive in helping others attain the same goal.