Section 1031 of the Internal Revenue Code Permits Investors to Defer

question 10

Multiple Choice

Section 1031 of the Internal Revenue Code permits investors to defer some or all of the taxable gain that would ordinarily be due on the sale of a property if they exchange for "like-kind" property. In order to avoid income taxes, many investors attempted to make use of this tax code when disposing of commercial real estate assets. This led to the reemergence of which of the following forms of ownership in commercial real estate?

• A) General Partnership
• B) Limited Liability Company
• C) Tenancy-in-common
• D) Limited Partnership

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Definitions:

Colonial Discourse Studies

an academic field that examines the ways in which colonialism impacted the knowledge, language, and culture of both colonizers and colonized societies.

Queer Theorists

Scholars who focus on issues of sexuality and gender, questioning the binaries of male/female and heterosexuality/homosexuality, emphasizing fluidity and social constructs.

Power

The ability or capacity to do something or act in a particular way; often refers to the control over resources and people.

Identity

The sense of self, shaped by personal, social, and cultural experiences, and distinguished by characteristics and affiliations deemed important by the individual.