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- Title
Like-Kind Exchange Corner.
- Authors
Foster, Mary B.
- Abstract
The article discusses two new rulings of U.S. Internal Revenue Service (IRS) that address exceptions to the related-party provisions of Code Section 1031(f). It mentions that both rulings involve a taxpayer who transfers relinquished property to an unrelated party in an exchange using a qualified intermediary (QI) and then acquires replacement property from a related party. It highlights types of related-party exchanges which fall within the nonrecognition exception contemplated in 1031(f)(2).
- Subjects
UNITED States; UNITED States. Internal Revenue Service; RELATED party transactions; TAXATION; INTERNAL revenue law
- Publication
Journal of Passthrough Entities, 2011, Vol 14, Issue 6, p23
- ISSN
1099-7407
- Publication type
Article