This IRS Private Letter Ruling expands on a ruling from April 10, 1992 by stating that easement protected agricultural land may be exchanged for an unencumbered fee simple interest in any real property under section 1031 of the Internal Revenue Code.
Laws
IRS Ruling Qualifying Agricultural Conservation Easements for Like-Kind Exchange (2)
Authority Type
Administrative Regulations / Guidelines
State
National
Level of Government
Federal
Law Type
Federal Administrative Regulations / Guidelines
Keywords
Conservation Easements, Like-Kind Exchange, Purchase of Agricultural Conservation Easements
Citation
Priv. Ltr. Rul. 92-32-030 (May 12, 1992).
