How is it pronounced?
One oh three one?
Ten thirty-one?
Other?
Chosen Answer:
Ten thirty-one
A 1031 Exchange, also known as a Like Kind Exchange or Starker Tax Deferred Exchange (named for an investor who challenged and won a case against the IRS) is a transaction under United States law which specifies under section 1031 of the Internal Revenue Code, 26 U.S.C. § 1031the following:
"No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is
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