...certain dispositions, occurring after December 31, 1957, of real property held either for productive use in trade or business or for investment (not including...trade or other property held primarily for sale). For this purpose, disposition means the seizure, requisition, or condemnation (but not destruction)...

...certain dispositions, occurring after December 31, 1957, of real property held either for productive use in trade or business or for investment (not including...trade or other property held primarily for sale). For this purpose, disposition means the seizure, requisition, or condemnation (but not destruction)...

...600 '200 350 800 600 200 6(0 BEAL PROPERTY IS AN EXCEPTION TO THE REPLACEMENT TEST When real property (not including stock in trade or other property held primarily for sale) held for productive use in a trade or a business or for investment is involuntarily converted because...

...regulation. Section 1033(g)(l) provides, however, that: For purposes of subsection (a), if real property (not including stock in trade or other property held primarily for sale) held for productive use in trade or business or for investment is (as the result of its seizure, requisition,...

...qualify. Stocks, Securities, Receivables, etc. These rules and benefits do not apply to exchanges of stocks, bonds, notes, choses in action, certificates...beneficial interest, or other securities or evidences o£ indebtedness or interest. See, however, the discussion on corporate stocks later in this chapter....

...nor sec. 167 can be availed of herein to support petitioner's claim. Section 1031 provides that "No gain or loss shall be recognized if property held for productive use in trade or business or for investment * * * is exchanged solely for property of a like kind to be held either...

...generally is that of the converted property, decreased by any gain not recognized. If real property (not including stock in trade or other property held primarily for sale) held for productive use in a trade or business or for investment is involuntarily converted, then property...

...generally is that of the converted property, decreased by any gain not recognized. If real property (not including stock in trade or other property held primarily for sale) held for productive use in a trade or business or for investment is involuntarily converted, then property...

...to apply to exchanges of partnership interests. Section 1031 does not apply to exchanges of stock, certificates of trust or beneficial interest, or 'other securities or evidences of ... interest." Partnership interests can be viewed as investment interests very similar to these other...

...their 1 978 tax return. IRS said no exchange and the fight was on. The tax deficiency was $37,594. "No gain or loss shall be recognized if property held for productive use in trade or business or for investment * * * * is exchanged solely for property of a like-kind to be held either...