[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(d)-1T]

[Page 87]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1031(d)-1T  Coordination of section 1060 with section 1031 (temporary).

    If the properties exchanged under section 1031 are part of a group 
of assets which constitute a trade or business under section 1060, the 
like-kind property and other property or money which are treated as 
transferred in exchange for the like-kind property shall be excluded 
from the allocation rules of section 1060. However, section 1060 shall 
apply to property which is not like-kind property or other property or 
money which is treated as transferred in exchange for the like-kind 
property. For application of the section 1060 allocation rules to 
property which is not part of the like-kind exchange, see Sec. 1.1060-
1(b), (c), and (d) Example 1 in Sec. 1.338-6(b), to which reference is 
made by Sec. 1.1060-1(c)(2).

[T.D. 8215, 53 FR 27044, July 18, 1988, as amended by T.D. 8858, 65 FR 
1237, Jan. 7, 2000; T.D. 8940, 66 FR 9929, Feb. 13, 2001]