Unicorns Do Exist
Avoid Complexities 1031 Exchange Properties Held In Trust To accomplish a successful tax-deferred exchange, the taxpayer that transfers the relinquished property must also acquire the replacement property. On the surface, this “same taxpayer” requirement seems straightforward, but care must be taken when the title to an asset is held in a trust. When a property is owned by a trust, a potential hurdle is presented by the language in IRC §1031 itself. Prior to being amended in