» :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. » ::* 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 h… (More on 1031)