The client can complete the exchange and defer all taxes.Meanwhile they also own a note that they paid full value for so there is no profit in it and the only tax will come from the interest portion of the note payments.It's a very elegant solution that solves several problems but they got to have access to that cash from outside to put into the exchange

It is the elegantly simple ideas and solutions that win in the end. 

It’s advised not to take a basement if yours is a creative field or else you will have to spend lots of money to illuminate the space.People spend lots of money unnecessarily on fancy ceilings, but the current trend is of no ceilings; exposed surfaces can look elegant.

It looks very elegant & beautiful from distance but when I get closer, it looks like cockroach eating my powder room with a lot of tiny hole everywhere, I realize how hard it is to find a good contractor to give you what you want.

Account Closed, It can be a very elegant solution. 

The natural beauty of granite, with its unique patterns and color variations, creates an elegant and upscale ambiance in kitchens and bathrooms.

For example, I recently noticed that the PM did not transfer a security deposit to my account for back rent after a non-paying resident moved out, did not bill back residents for utilities, forgot to reimburse a portion of carpet repair caused by a former resident's pet (PM did not withhold security deposit or have move in/move out inspection documents), etc.It's not an elegant process but it is semi-automated.

Yes, it is a tax DEFERRAL, not forgiveness, but as Chris pointed out, you can turn it into complete avoidance pretty simply via the "1031, 1031, Die" method (morbid, but elegantly simple). 

Equity's training programs are better and more helpful.Equity has a relationship with a mortgage company that will call and pre-qualify your leads for you (and they remain your leads).Equity is an 800-pound, elegant gorilla in the industry and particularly in Utah (where we maintain a 22% market share) which means that we can negotiate better arrangements with vendors even nationwide.Equity is very well represented in local boards and NAR.Equity's Profit Share Program is one-of-a-kind and pays out $40-$60K every month to Agents religiously.Equity's model doesn't eliminate the incentive for brokers to continue to be helpful to agents which results in higher service ratings.These are just a few areas.

It's gotta be the most elegant instrument, in my humble opinion.