The long-awaited guidance on whether vacation properties which are rented out but are also occupied by the owner for personal use are eligible for like-kind exchange treatment1 was released on February 14, 2008.2 The guidance, in the form of a safe harbor, provides useful guidance in an area that has posed troubling questions for taxpayers (and tax practitioners) for years.
Achenbach, Robert P. Jr
"Deferring Crop Insurance and Disaster Payments: How Not to Do It,"
Agricultural Law Digest: Vol. 19
, Article 2.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol19/iss4/2