IRS Ruling Qualifying Agricultural Conservation Easements for Like-Kind Exchange (2)

This IRS Private Letter Ruling expands on a ruling from April 10, 1992 by stating that easement protected agricultual land may be exchanged for an unencumbered fee simple interest in any real property under section 1031 of the Internal Revenue Code.

Downloadable Documents: 
Citation: 
Priv. Ltr. Rul. 92-32-030 (May 12, 1992).
Law Category: 
Federal Administrative Regulations / Guidelines