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Chicago Deferred Exchange Company

Excluded Property

Code Section 1031(a)(2) denies non-recognition treatment to the transfer or receipt of the following categories of property:

  • Stock in trade or other property held primarily for sale
  • Stocks, Bonds, or Notes
  • Other securities or evidence of indebtedness or interest
  • Interests in a Partnership
  • Certificate of Trust or Beneficial Interest (see "Illinois Land Trusts" Revenue Ruling 92-105)
  • Choses in action