During the past decade there has been a significant increase in the number of taxpayers engaging in Internal Revenue Code Section 1031 like-kind exchanges. In 2003, the last year for which data was published by Deloitte Tax LLP, there were an estimated 220,000 transactions involving about $105 billion in equity. As the popularity of 1031 exchanges has grown, the issues surrounding these transactions naturally have evolved. Recently, several qualified intermediaries' defalcation of exchange ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.