Depreciation of Like-Kind Exchange Property After Notice 2000-4
Tax Advisor (06/01) Vol. 32, No. 6 p.398; Mason, J. David; Levy, Linda Garrett; Levy, Richard L.

It seems like Notice 2000-4 will benefit taxpayers, but the rule may actually prove burdensome for inadequately planned and executed like-kind exchanges. Notice 2000-4 is viewed as taxpayer-friendly because it allows accelerated depreciation deductions on exchanges entered into after the notice's effective date, through the use of a shorter life. Taxpayers can also apply the notice to like-kind exchanges entered into prior to the effective date. In order to maximize the benefits and avoid many tax traps, careful planning when effecting a like-kind exchange is recommended.


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