Sales and Other Dispositions of Assets›2025 Returns›1. Gain or Loss

Nontaxable Exchanges

Publication 544 — Sales and Other Dispositions of Assets · 2026-10-03 edition · updated 2026-10-04 · United States

Certain exchanges of property are not taxable. This means any gain from the exchange is not recognized and any loss cannot be deducted. Your gain or loss will not be recognized until you sell or otherwise dispose of the property you receive.

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▸Contents — Publication 544 — Sales and Other Dispositions of Assets

Publication 544 — Sales and Other Dispositions of Assets

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