qualified replacement property
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1042 — for purposes of this section (7 versions over time)
The term “qualified replacement property” means any security issued by a domestic operating corporation which—
(i) did not, for the taxable year preceding the taxable year in which such security was purchased, have passive investment income (as defined in section 1362(d)(3)(C)) in excess of 25 percent of the gross receipts of such corporation for such preceding taxable year, and
(ii) is not the corporation which issued the qualified securities which such security is replacing or a member of the same controlled group of corporations (within the meaning of section 1563(a)(1)) as such corporation.
26 U.S.C. § 2032A — under this section (4 versions over time)
The term “qualified replacement property” means any real property which is—
(I) acquired in an exchange which qualifies under section 1031, or
(II) the acquisition of which results in the nonrecognition of gain under section 1033.
26 U.S.C. § 2032A — for purposes of this section (4 versions over time)
The term “qualified replacement property” means—
(i) in the case of an involuntary conversion described in section 1033(a)(1), any real property into which the qualified real property is converted, or
(ii) in the case of an involuntary conversion described in section 1033(a)(2), any real property purchased by the qualified heir during the period specified in section 1033(a)(2)(B) for purposes of replacing the qualified real property.