The Uneasy Justification for Special Treatment of Like-Kind Exchanges
American Journal of Tax Policy, Vol. 4, p. 193, 1985
25 Pages Posted: 4 Mar 2009
This article considered the traditional justifications for nonrecognition treatment for like-kind exchanges, as provided in section 1031 of the Internal Revenue Code, and found them wanting. The article nevertheless concluded that, even though the justifications are imperfect, section 1031 has some plausibility to it, at least as applied to traditional, simultaneous exchanges.
Keywords: Like-Kind Exchanges, IRC section 1031, Taxation
JEL Classification: K34
Suggested Citation: Suggested Citation