1031 Totally Explained

Everything about 1031 totally explained

ť :This is the year 1031; the number 1031 may also refer to:

::* 1031 form — Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. ť ::* 1031 exchange — Transaction under United States law which specifies that if an asset is sold and the proceeds of the sale are then reinvested in a like kind asset, then no gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

Events

The Moorish Caliphate of Córdoba collapses.
Byzantine general George Maniaces captures Edessa.
Henry I becomes King of France.
Bezprym seizes the throne of Poland from Mieszko II.

Births

Matilda of Flanders, Queen consort of the Kingdom of England (d.1083)

Shen Kuo, renowned polymath scientist of the Song Dynasty in China (d. 1095)

Deaths

July 20 — King Robert II of France (b. 972)

September 2 — Saint Emeric of Hungary

Gang Gam-chan, Korean official and military commander (born 948)Further Information

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