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In: Finance

The safe harbor provided in Rev Proc 2000-37 aids in what kind of exhanges​? (1) Real...

The safe harbor provided in Rev Proc 2000-37 aids in what kind of exhanges​? (1) Real property condemnation exchanges (2) Exchanges of partnership interests (3) Like-Kind exchanges using installment reporting (4) Reverse like-kind exchanges

Solutions

Expert Solution

Option(4) Reverse like-kind exchanges is correct.
The safe harbor provided in Rev Proc 2000-37 provides the framework to safely perform a reverse exchange. Here taxpayers involved in a different type of transactions inorder to facilitate reverse like-kind exchanges.


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