Refers to the section of the Internal Revenue Code Section that provides for the tax deferred
exchange of real and personal property. Learn more about 1031 Exchanges Here.
Section 1033 of the IRS tax code covers various forms of involuntary conversion of taxpayer property.
Conversions occurs when property is destroyed, stolen, condemned or disposed of under threat of
condemnation and the taxpayer receives other property or money in payment (e.g., insurance proceeds or a
Learn more about 1033 Exchanges Here.