If you are reading this post, you have probably discovered by now that lots of conflicting information, or even incorrect information, exists about tax-deferred like-kind exchange transactions.
The problem is that the income tax laws and regulations have left many questions unanswered. 1031 exchange experts and advisors have to interpret rulings and apply the educated guess techniques in order to develop commonly accepted practices. The gray areas will remain, though, until the Internal Revenue Service or the courts issue rulings with definitive answers. Until that time, we are left to our own devices.
I have written a Section 1031 Tax-Deferred Exchange Reference Manual that will help guide you through the tax-deferred exchange world, including the grays areas. You can download it at no cost at: http://www.exeterco.com.
Wednesday, November 15, 2006
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