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Article: Like-kind exchanges either followed or preceded by a nontaxable transfer to or from an entity.
- Article from:
- The Tax Adviser
- Article date:
- August 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More than a decade after the Tax Reform Act of 1986, real estate values in many parts of the country are finally beginning to recover. In certain areas, values have recovered sufficiently such that many taxpayers are now facing the happy dilemma of how to dispose of substantially appreciated real estate without being hit with a huge tax bill. If they are interested in reinvesting the proceeds in the real estate market, the like-kind exchange provisions of Sec. 1031 can be a powerful and attractive tool. Because of the many unanswered questions and associated uncertainty involving like-kind exchanges, however, this tool is not for the weak of heart. One of the more vexing ...