H.R. 10883

Allows tax deferral on swaps of some residential property

Lets owners of certain residential real property trade it for similar property without recognizing gain or loss right away, under the tax code's like-kind exchange rules.

  • Covers like-kind exchanges of certain residential real property
  • Gain or loss on those exchanges would not be recognized
  • Would amend the Internal Revenue Code of 1986

In committee

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