inventory exchange
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “inventory exchange” means any exchange in which 2 persons exchange property which is, in the hands of each person, property described in section 1221(1).
Source
- 1994–199926 U.S.C. § 4662Internal Revenue Code · Definitions and special rules · for purposes of this part
For purposes of this paragraph, the term “inventory exchange” means any exchange in which 2 persons exchange property which is, in the hands of each person, property described in section 1221(a)(1).
Source
- 1999–present26 U.S.C. § 4662Internal Revenue Code · Definitions and special rules · for purposes of this part