replaced property
Defined in 1 place of the United States Code.
The term “replaced property” means—
(I) the property transferred in the exchange which qualifies under section 1031, or
(II) the property compulsorily or involuntarily converted (within the meaning of section 1033).
Source
- 2013–present26 U.S.C. § 2032AInternal Revenue Code · Valuation of certain farm, etc., real property · under this section
The term "replaced property" means—
(I) the property transferred in the exchange which qualifies under section 1031, or
(II) the property compulsorily or involuntarily converted (within the meaning of section 1033).
If qualified real property is disposed of or ceases to be used for a qualified use, then—
Source
- 2003–201826 U.S.C. § 2032AInternal Revenue Code · Valuation of certain farm, etc., real property · under this section