News
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031 blog. Check back often to keep up to date!
1031 Update on Capitol Hill – April 2024
1031 Coalition Letter & DC Fly-In April 17, 2024 IPX1031, in conjunction with our industry trade organization the Federation of Exchange Accommodators (FEA), worked with the Real Estate Roundtable to circulate an updated 1031 Coalition letter to leaders of...
1031 Update on Capitol Hill – March 2024
Biden Releases FY2025 Budget Proposal March 14, 2024 Consistent with its prior budget proposals, the Biden Administration has proposed capping the gain that can be deferred through a like kind exchange at $500,000 per taxpayer ($1,000,000 for a married couple filing...
1031 Update on Capitol Hill – Year-end Update – December 2023
Washington, D.C. Year-end Update from the President of IPX1031 December 27, 2023 I have been traveling to Capitol Hill since 2014. In the 2017 Tax Cuts and Jobs Act, section 1031 was targeted for repeal. We survived that challenge (for real estate exchanges) but it...
1031 Update on Capitol Hill – May 2023
Meetings with Congress May 4, 2023 Senior managers of IPX1031, together with members of our trade association, the Federation of Exchange Accommodators (FEA) conducted over 70 meetings with Congressional members and their staff in late April. Although our mission to...
1031 Update on Capitol Hill – March 2023
Biden Releases FY2024 Budget March 10, 2023 President Biden released his FY2024 budget this week, and it again proposes a cap on deferred gain from like-kind exchanges. This doesn’t represent a new threat to Section 1031. It is just a repeat of what was in the 2023...
CRE Playing Defense to Preserve 1031
WealthManagement.com recently published The CRE Industry is Playing Defense to Preserve 1031 Exchange Tax Benefits and our IPX1031 General Counsel, Suzanne Goldstein Baker was quoted. Read Suzanne's quotes about the ongoing efforts to educate members of Congress about...
Tax Notes: Basis Limit in Passthrough Law Shouldn’t Hinder Like-Kind Exchanges
Basis Limit in Passthrough Law Shouldn’t Hinder Like-Kind Exchanges by Eric Yauch, Tax Notes, July 23, 2018, p. 560. Regulators shouldn’t interpret a passthrough deduction provision to create a double burden on taxpayers that engage in like-kind exchanges, such as...
Senate Tax Reform Bill Draft Released
The Senate released a “conceptual” draft of its Tax Reform bill last evening. Like the House bill, the Senate proposal retains Section 1031 Like-Kind exchanges, in present form, for real estate assets only. It repeals Section 1031 for tangible and intangible...
Proposed Like-Kind Exchange Limitation Raises Mismatch Concerns
By Nathan J. Richman, Nov. 7, 2017 “The limitation on like-kind exchanges proposed in the House Republicans' tax reform bill raises several mismatch questions when compared to the temporary expensing provision regarding timing and property classification, potentially...
Tax Reform Bill Draft Released Today
Today (November 2, 2017), Congress released the draft tax reform bill. The “Tax Cuts and Jobs Act” preserves a crucial benefit for real-estate investors – the ability to make tax deferred like-kind exchanges for real estate under IRC Section 1031. The bill would...
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!