A recurring question – can beneficiaries of trusts utilize the like-kind exchange procedure available since 1918?1 The framework for making that decision rests primarily upon a series of relatively recent rulings issued by the Internal Revenue Service.2
Harl, Neil E.
"Can Trust Beneficiaries Use Section 1031 Like-Kind Exchanges?,"
Agricultural Law Digest: Vol. 18
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol18/iss13/1