In: Finance
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
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.