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In addition, the AT may have to depreciate certain parked properties even if it acquired and transferred the properties in the same tax year.
* The AT can delegate the operation or management of the parked property (either replacement or relinquished) to the taxpayer under a management or lease agreement.
A reverse-exchange intermediary typically has no interest in managing the parked property and the taxpayer would generally want to use that property.
The accommodator who has borrowed on a nonrecourse basis to acquire parked replacement property may set a maturity date for the loan that ensures his involvement will end at a fixed date (either through completion of the exchange when the relinquished property is sold or through conveyance of the replacement property in foreclosure of the note).