The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property

The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property  https://www.irs.gov/newsroom/the-trea... https://accountinginstruction.info/ Today the Treasury Department and Internal Revenue Service issued final regulations PDF relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange.