IRS Rules on Failed 1031 Exchanges Due to Collapse of the Qualified Intermediary - 03/09/10 12:51 PM
The Internal Revenue Service issued Revenue Procedure 2010-14 on March 5, 2010 that outlines a safe harbor procedure that provides guidance to investors on how to treat and report either a gain or loss due to a failed 1031 Tax Deferred Exchange transaction that resulted from the failure or collapse of their Qualified Intermediary. 
IRS Keenly Aware of Failed 1031 Exchange Problem
The IRS indicated that it is keenly aware of situations in which investors have entered into 1031 Exchange transactions by transferring relinquished property to a Qualified Intermediary and were unable to complete these 1031 Exchange transactions within the 1031 Exchange deadline due … (4 comments)