12/05/2022
Bruce Jones of https://taxwealth.com/ helps clear up the rules of a 1031 Like-In-Kind Exchange in this recent article.
https://taxwealth.com/1031-like-kind-exchange-pitfalls-to-avoid/
"There are many ways an exchanger can get tripped up even if he is acting in good faith to keep to the regulations, particularly when it comes to constructive receipt of the funds. And sometimes the activities that can lead to an allegation of constructive receipt are less than obvious."
Good faith efforts are not enough, because lurking in the regulations are numerous procedures that have to be followed to achieve a successful deferred exchange.