A popular real estate investment vehicle could be in jeopardy under Republican-led tax reform. The “like-kind” or 1031 exchange was introduced in the 1920s to soften the tax burden on farmers looking to swap land. The rationale went something like this: If a taxpayer receives nothing in the transaction to pay taxes on (it is tied up in the new property), no tax should be owed. It has since morphed into a way for businesses like airlines to save millions by trading in older assets for something newer.
CRE Experts Give Forecast On 1031 Exchanges Under Trump AdministrationPublished March 24, 2017 in Press, Other
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