Posted 12/4/2010 19:01 (#1468054 - in reply to #1467799) Subject: RE: Someone explain to me how a 1031 exchange is good for farmers...
39.48, -82.98
If you owned property near an encroaching city, sold 80 acres to a developer, then used the cash to buy 800 acres of good ground further from town, you might have a much better opinion of 1031 exchanges. Your new neighbors might complain at the perceived unfairness -- but you would not have done anything wrong.