IRS Provides Safe Harbor for Exchange of Rental Dwellings Also Used for Personal Purposes

摘要

The Internal Revenue Service has provided a safe harbor under which a dwelling unit- occasionally used for personal purposes can qualify for a deferred like-kind exchange under Section 1031. The IRS outlined the safe harbor requirements in Rev. Proc. 2008-16, released on February 15 and scheduled for publication in the March 10 Internal Revenue Bulletin.