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Real Property and Like-Kind Exchange Nonrecognition Treatment (PDF)

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PDF :Electronic, 5 Pages
ISBN: 9781422429983
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Planning elements tied to like-kind exchange transactions are critical to nonrecognition qualifications that turn on why the parties have held their respective properties and a host of other elements. IRC Section 1031 requirements are more complex when real estate and its use, including possible dual-use, is involved in the transaction. Nonrecognition can also depend, in part, on the nature of entities engaged in structuring a real estate deal.


Patricia Hughes Mills received her Juris Doctorate degree, magna cum laude, from Syracuse University, and her LL.M. in Taxation, magna cum laude, from the University of San Diego. A past member of the Executive Committee of the State Bar of California Taxation section, Professor Mills practiced law for 15 years before joining Arthur Andersen for several years in their real estate and partnership tax practice. She is now a Professor of Clinical Accounting at the University of Southern California, where she teaches in the Masters of Business Taxation program. She has written several chapters for Powell on Real Property (Michael Allan Wolf, ed., LexisNexis), and is the update author for Federal Taxes Affecting Real Estate (Matthew Bender).


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