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http://ssrn.com/abstract=1425807
 
 

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Like-Kind Exchanges and Qualified Intermediaries


Bradley T. Borden


Brooklyn Law School

Paul L.B. McKenney


affiliation not provided to SSRN

David Shechtman


affiliation not provided to SSRN

June 25, 2009

Tax Notes, Vol. 124, p. 55, July 6, 2009

Abstract:     
The economic downturn has depressed the real estate market, a significant component of the section 1031 industry. In its wake, the industry witnessed three major qualified intermediary failures. QI failures deprive exchangers of exchange proceeds and also create potential tax and legal liablities for the exchangers. This article analyzes those potential liabilities and also discusses the cause of QI failures and actions that exchangers and QIs may consider to help safeguard exchange proceeds.

Number of Pages in PDF File: 10

Keywords: section 1031, like-kind exchange, qualified intermediary, qualified trust, qualified escrow account, bankruptcy, QI failure

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Date posted: July 2, 2009 ; Last revised: July 6, 2009

Suggested Citation

Borden, Bradley T. and McKenney, Paul L.B. and Shechtman, David, Like-Kind Exchanges and Qualified Intermediaries (June 25, 2009). Tax Notes, Vol. 124, p. 55, July 6, 2009. Available at SSRN: http://ssrn.com/abstract=1425807

Contact Information

Bradley T. Borden (Contact Author)
Brooklyn Law School ( email )
250 Joralemon Street
Brooklyn, NY 11201
United States

Paul L.B. McKenney
affiliation not provided to SSRN ( email )
David Shechtman
affiliation not provided to SSRN ( email )
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