PDF: 2013 Like Kind Exchanges of Real Estate Revised Edition

PDF: Like Kind Exchanges of Real Estate — Treatise (January 7, 2011)

© 2011 David L. Silverman, J.D., LL.M. (Taxation)
Law Offices of David L. Silverman
2001 Marcus Avenue, Suite 265A South
Lake Success, NY 11042 (516) 466-5900
http://www.nytaxattorney.com
nytaxatty@aol.com

January 1, 2011

TABLE OF CONTENTS

I. Introduction 1
A. Section 1031 is Power Tax-Deferral Technique 1
B. Congressional Action to Limit Scope of Section 1031 Exchanges 3
C. Property Excluded From Like Kind Exchange Treatment 5
D. Holding Period of Replacement Property “Tacked” 9
E. Tax Deferral Becomes Permanent if Taxpayer Dies 10
F. Potential Capital Gains Tax Savings 10
G. Loss of Cost Basis in Tax-Free Exchange 16

II. Requirements for Like Kind Exchange 16
A. Transaction May Be Structured For Exchange Treatment 16
B. Federal Reporting Requirements 17
C. Substantial Authority 18
D. IRC Section 6694 Preparer…