The IRS has issued final regulations that define what property qualifies for Sec. 1031 like-kind exchange treatment (T.D. 9935).

Understanding the Context

The new rules are necessary because the law known as the Tax Cuts and ... The meaning of DEFINE is to determine or identify the essential qualities or meaning of. How to use define in a sentence. DEFINE meaning: 1.

Key Insights

to say what the meaning of something, especially a word, is: 2. to explain and describe the…. Learn more. If you define something, you show, describe, or state clearly what it is and what its limits are, or what it is like. We were unable to define what exactly was wrong with him.

Final Thoughts

[VERB wh] He was asked to define his concept of cool. [VERB noun] 1. to state or set forth the meaning of (a word, etc.). 2. to explain or identify the nature or essential qualities of; describe. 3.

to specify: to define responsibilities. 4. to determine or fix the boundaries or extent of. 5.