Abstract

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.

Keywords

Like-Kind Exchanges, IRC section 1031, Taxation

Publication Date

2006

Document Type

Article

Place of Original Publication

American Journal of Tax Policy

Publication Information

4 American Journal of Tax Policy 193 (1985)

Included in

Tax Law Commons

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COinS Erik M. Jensen Faculty Bio