Forced disposition of property due to condemnation, theft, or casualty.
Related information about involuntary conversion:
- Involuntary Conversion Definition | Investopedia
... in lieu of the property. Involuntary conversion can result in a possible gain or loss to the taxpayer, as long as the property was not the taxpayer's main home.
- Involuntary Conversion of Business Assets - Rural Tax
This discussion will focus on the involuntary conversion of tangible personal property (i.e. ... replacement purchases as a result of an involuntary conversion.
- Defining an Involuntary Conversion
The tax law provides relief for taxpayers that reinvest money obtained from an involuntary conversion. Because the nature of involuntary conversions varies in ...
- Involuntary Conversion - Financial Dictionary - The Free Dictionary
An IRS term meaning the involuntary loss of property through destruction or condemnation. The event can be a tax loss or a tax gain, depending on any ...
- 26 USC § 1033 - Involuntary conversions | LII / Legal Information ...
If the property was acquired as the result of a compulsory or involuntary conversion described in subsection (a)(1), the basis shall be the same as in the case of ...
- Involuntary Conversion: Definition from Answers.com
condemnation or sudden destruction by nature. Example: Aproperty is taken by eminent domain for the purpose of constructing a public highway.
- Involuntary Conversion Lawyers | LegalMatch Law Library
Feb 13, 2012 ... Find Involuntary Conversion Lawyers and Attorneys in your area. When a property is destroyed, stolen, condemned or disposed of under the ...
- What is involuntary conversion? definition and meaning
Definition of involuntary conversion: Money or property received in ... Profit realized on involuntary conversion is generally tax-free if it is invested in a property ...