The Internal Revenue Service has finally provided a safe harbor for a reverse like-kind exchange. A reverse exchange describes a transaction in which the taxpayer directly or indirectly acquires the replacement property before disposing of the relinquished property. Revenue Procedure 2000-37 provides for the qualification of property as either replacement property or relinquished property for purposes of Section 1031 of the Internal Revenue Code of 1986 ("IRC") if the property is held in a qualified exchange accommodation arrangement ("QEAA").