• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
T
Tax-deferred exchange

An arrangement under Section 1031 of the Internal Revenue Code that allows an owner to accept another property of like kind in exchange for his or her present holding, thereby eliminating payment of tax on the profit from the one he or she is disposing of.



Tax shelter

An accounting term describing an investment that throws off tax deductions from interest and depreciation allowances.




PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint