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.
Harl, Neil E.
"Like-Kind Exchanges With “Partnerships”: Use Great Care,"
Agricultural Law Digest: Vol. 27
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol27/iss13/1