The popularity of like-kind exchange treatment has grown in recent years as the rules have become more certain and values of assets have risen relative to the income tax basis in those assets. However, a particularly troublesome question for some farm and ranch property is what is considered "like-kind" for purposes of the statutory provision. In particular, concern has been raised over what is considered like-kind for purposes of transfers involving center pivot irrigation systems, specialty storage facilities and similar types of structures.
"What is "Like Kind","
Agricultural Law Digest: Vol. 9
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol9/iss19/1