I have a situation where the exchangor died before completing the exchange and have questions about the taxation of the exchange and the basis of the new property received by the estate. 

 There is a post from Bill Exeter on 7-20-2007 referring to a possible private letter ruling on this subject. He mentioned that he would try to track down the ruling number and post the citation.  Does anyone know the cite for the  PLR?  OR, does anyone have any help on the income taxation, basis and  estate tax reporting for this scenario?

 Thank you for your help.

Richard Cassidy