Book Review: Tax-Free Like-Kind Exchanges, by Bradley T. Borden

Abstract

Bradley T. Borden's Tax-Free Like-Kind Exchanges, a treatise on transactions governed by section 1031 of the Internal Revenue Code, is as comprehensive and useful as one could hope for. As a guide for legal practitioners, the treatise is unlikely to be surpassed, and it also contains interesting essays that go far beyond the nuts-and-bolts of like-kind exchanges. Among other things, the book has some fascinating historical background on section 1031. All Tax-Free Like-Kind Exchanges lacks is a few good jokes, and the review helps point Professor Borden in the right direction to remedy that defect.

Keywords: Taxation, Tax Free, Like-Kind Exchanges, I.R.C. sec. 1031, Legal History

JEL Classification: K34