Real estate investors have protract...

Real estate investors have protracted recognized the tax benefits of like-kind exchanges below Internal Revenue Code Section 1031 (1) Section 1001 of the Internal reward Code (IRC) (2) generally requires the recognition of realized gains and losse forward the sale or disposition of exclusive right However, Section 1031 provides for the nonrecognition of gain or los in succession the exchange of certain wealth for other property of like kind. These tax-free exchanges provide opportunities to let lie over recognition of gain on the disposition of business or investment one's own when such property is exchanged for similar wealth Numerous disputes have arisen, however, between taxpayers