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AG Business Directory: 1031 Companies

1031(d) defines the basis calculation for property acquired during a like-kind exchange. It states that the basis of the new property is the same as the basis of the property given up, minus any money received by the taxpayer, plus any gain (or minus any loss) recognized on the transaction. If the transaction falls under 1031(b) or (c), the basis shall be allocated between the properties received (other than money) and for purposes of allocation, there shall be assigned to such other property, an amount equivalent to its Fair Market Value at the date of the exchange.

US Census Bureau - State & County Quick Facts

U.S. Census Bureau 4600 Silver Hill Road Washington, DC 20233
Phone: 301-763-INFO (4636) or 800-923-8282