Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 02 - Gross Income
Chapter 03 - Gain or Loss on Disposition of Property
Section 35-3-02-03-104
Universal Citation: MS Code of Rules 35-3-02-03-104
Current through September 24, 2024
Tax-free exchanges of property will only be allowed when:
1. The real or personal property of both parties is located within Mississippi.
2. The gain on the exchange is recognized under Section 1031 of the Internal Revenue Code.
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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