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Identification requirement of replacement property in like-kind exchanges.: An article from: The Tax Adviser
Product Description
This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on May 1, 1998. The length of the article is 558 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Deferral of gain or loss recognition under IRC like-kind exchange section 1031 can only be received if taxpayers identify and acquire replacement properties within the specified time periods and meet documentation and delivery requirements. The IRS pays close attention to nonconcurrent exchanges to assure that time frames are met. Replacement property which must be identified within 45 days of original property relinquishment must also be acquired according to statutory time periods.
Citation Details
Title: Identification requirement of replacement property in like-kind exchanges.
Author: Boyd D. Hudson
Publication: The Tax Adviser (Magazine/Journal)
Date: May 1, 1998
Publisher: American Institute of CPA’s
Volume: 29 Issue: n5 Page: 298(2)
Distributed by Thomson Gale
Identification requirement of replacement property in like-kind exchanges.: An article from: The Tax Adviser