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What Requirements Must Be Satisfied for a Delayed Swap to Qualify

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Essay

What requirements must be satisfied for a delayed swap to qualify for § 1031 like-kind exchange treatment?


Definitions:

James Marcia

A developmental psychologist known for his work on adolescent identity formation and the identity status theory.

Identity

The qualities, beliefs, personality, looks, and/or expressions that make a person (self-identity) or group (particular social category or social group).

Exploration And Commitment

Concepts in identity development where exploration involves searching for one's values and options, and commitment involves making decisions about one's identity and sticking to them.

Identity Foreclosure

A stage of self-identity development in which an individual has committed to an identity without exploring options.

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