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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2010-12 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure provides a safe harbor method of reporting gain or loss for certain taxpayers who initiate deferred like-kind exchanges under § 1031 of the Internal Revenue Code but fail to complete the exchange because a qualified intermediary (QI) defaults on its obligation to acquire and transfer replacement property to the taxpayer.

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▸Contents — Internal Revenue Bulletin 2010-12
Internal Revenue Bulletin 2010-12

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