by John Darer® CLU ChFC MSSC RSP CLTC
The United States Depart of Treasury has issued long rumored Final Regulations on IRC 468B.
Before "QSF jockeys" start cracking open their Veuve Cliquot, the issue of "single claimant" qualified settlement funds was NOT addressed, despite being on the Guidance Project list.
The final regulations provide rules regarding the taxation of income earned on escrow accounts, trusts, and other funds used during deferred likekind exchanges of property.
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