Reverse Like-Kind Exchanges: A Principled Approach

54 Pages Posted: 17 Jul 2002

Abstract

Even with the Internal Revenue Service's publishing Rev. Proc. 2000-37, there is no authoritative guidance regarding true reverse exchanges. This Article examines the principles and policy supporting nonrecognition treatment of like-kind exchanges. It then describes how courts have interpreted the exchange requirement in light of the continued-investment purpose of section 1031. Extrapolating this interpretation to reverse exchanges, the Article recommends a workable model for structuring true reverse exchanges that should qualify for section 1031 treatment.

Keywords: section 1031, like-kind exchange, reverse exchange, real estate exchange

Suggested Citation

Borden, Bradley T., Reverse Like-Kind Exchanges: A Principled Approach. Virginia Tax Review, Vol. 20, No. 4, Spring 2001, Available at SSRN: https://ssrn.com/abstract=319443

Bradley T. Borden (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

HOME PAGE: http://www.brooklaw.edu

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