Like-Kind Exchanges With “Partnerships”: Use Great Care
Date
2016-07-01
Authors
Harl, Neil
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Abstract
In an amendment enacted as part of the Deficit Reduction Act of 1984,1 “interests in a partnership” have not been eligible for a like-kind exchange.2 The key issue is what is meant by “interests in a partnership” (which run afoul of the statute enacted in 1984) and which arrangements merely constitute co-ownership of property (which are eligible for a like-kind exchange.