IPX1031 In the News Tax Reform



1031 Update on Capitol Hill – December 2022

Capitol Hill Update, December 13, 2022 Once again, Santa’s sack is stuffed with two pieces of must-pass legislation to be signed, sealed and delivered before Christmas.  The good news is that in spite of a few reindeer with minds of their own, the red, blue and purple...

1031 Update on Capitol Hill – August 2022

The Inflation Reduction Act was passed by Congress and signed into law by President Biden on August 16, 2022 without any changes to section 1031. This victory was the culmination of a vigorous, multiyear effort by employees of IPX1031, members of the Federation of...

1031 Update on Capitol Hill – June 2022

Members of Investment Property Exchange Services, Inc. (IPX1031) and of the Federation of Exchange Accommodators (FEA) continue to meet with policymakers to educate them about the powerful economic benefits of Section 1031 Like-Kind Exchanges. The updated Sustaining...

Updated E&Y Findings Confirm Power of 1031 – May 2022

​Updated findings of Ernst & Young’s (EY) May 2021 research about the Economic Contribution of Sec. 1031 Like-Kind Exchange to the US Economy in 2021 were released May 2022. The study measures not only the direct impact on taxpayers engaged in like-kind exchanges,...

1031 Update on Capitol Hill – March 2022

President Biden released his FY2023 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 2022 budget. The FY2023 proposal would allow the...

1031 Update on Capitol Hill – January 2022

January 26, 2022 Limitations to IRC Section 1031 were not included in the 2021 House-passed version of the Build Back Better bill (BBB). As we roll into Q1-2022, we continue to watch BBB progression, in whatever form that may take, monitoring any changes to provisions...

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