1031 exchange means: A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section 1031.. There is no real cause for parental concern; it is descriptive vocabulary rather than risky behaviour. If your teen uses it, context will usually make the intent clear. A short, curious question about where they heard it is usually all that is needed to know whether to follow up.
1031 exchange
(US, finance) A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section 1031.
Etymology timeline
Born ~1921 · no dated citations yet20th centurySee decade cohort →
Seen in the wild
Firecrawl: Internal Revenue Code section 1031 - Wikipedia
However, as of a 2002 IRS ruling (see [tenants in common 1031 exchange](https://en.wikipedia.org/wiki/Tenants_in_common_1031_exchange "Tenants in common 1031 exchange")), tenants-in-common (TIC) exchanges are allowed.
View source
Firecrawl: Like-kind exchange - Wikipedia
Tax Code section 1031")\] This kind of transaction is also called a " [1031 exchange](https://en.wikipedia.org/wiki/1031_exchange "1031 exchange")", because [Internal Revenue Code section 1031](https://en.wikipedia.or…
View source
Firecrawl: Tenants-in-common 1031 exchange - Wikipedia
1031 TIC exchanges can significantly reduce these risks. ## How a 1031 exchange is accomplished \[ [edit](https://en.wikipedia.org/w/index.php?title=Tenants-in-common_1031_exchange&action=edit§ion=1 "Edit section:…
View source
Definitions
Global
#1·Apr 27, 2026Global
(US, finance) A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section 1031.
For parents
1031 exchange means: A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section 1031.. There is no real cause for parental concern; it is descriptive vocabulary rather than risky behaviour. If your teen uses it, context will usually make the intent clear. A short, curious question about where they heard it is usually all that is needed to know whether to follow up.
For ESL learners
1031 exchange means: A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section. Register: neutral, standard English. Common learner mistake is using the word in a register it does not fit, or assuming a single global meaning; always check the context before producing it yourself.
Heard in the wild
“However, as of a 2002 IRS ruling (see [tenants in common 1031 exchange](https://en.wikipedia.org/wiki/Tenants_in_common_1031_exchange "Tenants in common 1031 exchange")), tenants-in-common (TIC) exchanges are allowed.”
“Tax Code section 1031")\] This kind of transaction is also called a " [1031 exchange](https://en.wikipedia.org/wiki/1031_exchange "1031 exchange")", because [Internal Revenue Code section 1031](https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031 "Internal Revenue Code section 1031") of the U.S.”
“1031 TIC exchanges can significantly reduce these risks. ## How a 1031 exchange is accomplished \[ [edit](https://en.wikipedia.org/w/index.php?title=Tenants-in-common_1031_exchange&action=edit§ion=1 "Edit section: How a 1031 exchange is accomplished")\] The following sequence represents the order of steps in a typical 1031 exchange.”
Was this helpful?
Comments
For specific readers
Why is this section here?
Slang is read by different audiences for very different reasons. The For parents view re-explains the term in plain, non-judgemental language so a caregiver can understand what their child means without needing the surrounding subculture. The For English learners view focuses on register (when it's safe to use), formal alternatives, and common mistakes — what a textbook won't teach you.
Used in
Global
Have a better definition?
Add your own interpretation of "1031 exchange".
⚡About Tech, Dev & AI slang
The vocabulary of software engineers, AI researchers, and anyone living in a terminal or on GitHub — from LLM to MCP, CORS to vibe coding, agentic to enshittification.
See all Tech, Dev & AI slang on Slangora.
Tags
Other words near "1031 exchange" (1)
0.5 selfie0800 number0-dark-hundred100 percent10-20-Life1024th note1040-NR10q110 proof11B11 Bang-Bang11-plus examination
Browse all slang words starting with 1.
Related terms
People also read
Semantically related
- downleg64%
(US, finance) A property that is being sold to initiate the 1031 exchange.
- excambion54%
(legal, Scotland, historical) exchange or barter, especially of lands.
- SA10853%
(UK, taxation) A tax return form for capital gains.
- Internal Revenue Code52%
(finance, US) The domestic portion of federal statutory tax law in the United States.
- 501(c)(3)52%
(US, taxation, organizations) An organization that complies with section 501(c)(3) of the U.S. federal tax code. A non-profit organization exempt from some federal income taxes, due to being dedicated to charitable, religious, educational, scientific, public safety, promotion of amateur sport at the national or international level, prevention of cruelty to women or children or animals, or literary purposes.