Section 1031 QIs in the New Economy
Bradley T. Borden
Brooklyn Law School
October 26, 2009
Journal Taxation of Investments, Vol. 27, p. 86, 2009
Industry estimates indicate that, over the past several years, section 1031 qualified intermediaries have lost as much as $700 million of exchange proceeds. Exchangers and their representatives must take steps to help prevent future losses. This article reviews three recent failures and discusses measures that should help reduce the risk of qualified intermediary failure in the new exchange environment. Lawmakers should also consider measures they can take to help prevent such losses in the future.
Number of Pages in PDF File: 10
Keywords: section 1031, like-kind exchange, qualified intermediary, qualified trust, qualified escrow account, exchange defalcation
Date posted: October 26, 2009
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