[Code of Federal Regulations]
[Title 26, Volume 11]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.1031(c)-1]

[Page 85]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1031(c)-1  Nonrecognition of loss.

    Section 1031(c) provides that a loss shall not be recognized from an 
exchange of property described in section 1031(a), 1035(a), 1036(a), or 
1037(a) where there is received in the exchange other property or money 
in addition to property permitted to be received without recognition of 
gain or loss. See example (4) of paragraph (a)(3) of Sec. 1.1037-1 for 
an illustration of the application of this section in the case of an 
exchange of U.S. obligations described in section 1037(a).

[T.D. 6935, 32 FR 15822, Nov. 17, 1967]