Is a Partition an "Exchange?"

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T00:42:43.000
dc.date.accessioned 2020-06-29T22:53:45Z
dc.date.available 2020-06-29T22:53:45Z
dc.date.embargo 2017-10-30
dc.date.issued 2003-03-21
dc.description.abstract <p>In a 2002 issue of the <em>Agricultural Law Digest</em>, we examined whether a partition of property involving related parties invokes the “related party” rule under the like-kind exchange provision. The conclusion of the article was that a partition action or a voluntary partition of property came within the exception to the related party rule for instances where the Internal Revenue Service is satisfied that avoidance of federal income tax is not a principal purpose of the transaction. Specifically, there is authority indicating that transactions involving an exchange of undivided interests in different properties that result in each taxpayer holding either the entire interest in a single property or a larger undivided interest in any of the properties come within the exception to the related party rule where avoidance of federal income tax is not a principal purpose of the transaction.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol14/iss6/1/
dc.identifier.articleid 1673
dc.identifier.contextkey 10971781
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol14/iss6/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3150
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol14/iss6/1/AgLawDigest_v14n06_01.pdf|||Fri Jan 14 17:49:35 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Is a Partition an "Exchange?"
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 11f76874-4d85-4893-9223-9a1ec8041748
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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