Posted 4/9/2010 12:06 (#1156069 - in reply to #1154764) Subject: Re: 1031 reverse exchange
SCMN
Like kind exchange is a joke! I watch these farms getting gobbled up around town...aren't they classified as commercial or residential before the sale? Is that really "like kind" to true agricultural land? I don't think so. But then again, I probably would see it differently if I owned some of that land.