This article considered the traditional justifications for nonrecognition treatment for like-kind exchanges, as provided in section 1031 of the Internal Revenue Code, and found them wanting. The article nevertheless concluded that, even though the justifications are imperfect, section 1031 has some plausibility to it, at least as applied to traditional, simultaneous exchanges.
Like-Kind Exchanges, IRC section 1031, Taxation
Place of Original Publication
American Journal of Tax Policy
4 American Journal of Tax Policy 193 (1985)
Jensen, Erik M., "The Uneasy Justification for Special Treatment of Like-Kind Exchanges" (2006). Faculty Publications. 433.