Across the US, 2016 was a record year the number of tax deferred exchanges and continued growth is expected for 2017. However the future of 1031 is uncertain with the new administration and Congress. Section 1031 of the tax code allows investors to sell a property, defer the taxes that would normally be due, and reinvest the proceeds into a replacement investment. This popular investment tool greatly enhances purchasing power and encourages taxpayers to continually invest in real estate. As we start this new year, here are some of the issues that will affect real estate and/or 1031 tax deferred exchanges.
Will You Pay Taxes in 2016 or 2017?
“Drop & Swap” 1031 Exchange Disallowed in California
1031 Tax Reform Update