| Introduction |
601 |
| Definition of Terms |
602 |
| Selling Expenses |
603 |
| Tax Treatment Depends on Type of Property Sold or Exchanged |
604 |
| Sales and Exchanges of “Personal Use” Property |
605 |
| Sales and Exchanges of Business and Investment Property |
606 |
| What is a “Like-Kind” Exchange |
607 |
| Trade or Exchange Involving Both Property and Money |
608 |
| Exchange of Securities |
609 |
| Exchanges of Insurance Policies |
610 |
| How the Non-Recognition of Gain or Loss Affects Basis |
611 |
| When is a Recognized Gain or Loss Reportable? |
612 |
| Special Cases Where Gain on a Sale is Not Recognized |
613 |
| Recognition of Gains and Losses — Summary |
614 |
| Tax Planning Considerations |
615 |
| Conclusion |
616 |
