An example would be the sale of real estate; if properly structured as a "1031 exchange" (named for the Internal Revenue Code section) for other usable real estate, no tax would be owed on the sale (even if the gain was substantial). | An example would be the sale of real estate; if properly structured as a "1031 exchange" (named for the Internal Revenue Code section) for other usable real estate, no tax would be owed on the sale (even if the gain was substantial). |