Re: Like kind exchange

Augustine wrote:

> How does one deal with such IRS rules that leave particular situations
> out?

Disclose your position and start the clock on the statute of limitations.

With all due respect to BreadWIthSpam, the original topic of the thread 
has been diverted to wash sale rules. I think he was trying to contrast 
the different treatment of like-kind exchanges of business/investment 
property with wash-sale rules regarding "paper losses" on securities
sales.

No one ever said the tax laws were internally consistent!

-Mark Bole

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