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Land inflation and 1031 exchanges
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pat-michigan
Posted 11/28/2022 18:04 (#9954813 - in reply to #9954666)
Subject: RE: Land inflation and 1031 exchanges


Thumb of Michigan
footballjunkie - 11/28/2022 16:53

I know a couple accountants that swear that the those kind of exchanges won't pass the like kind exchange rules. They claim that people have been getting away with it because the IRS lacked the manpower to pursue it but that will change in a couple years.


https://www.irs.gov/pub/irs-news/fs-08-18.pdf

Not sure what part is triggering your accountants' reactions? Seems pretty straight forward and simple to me.
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