Washington, taxes and the growing deficit are constantly in the news. You’ve also been hearing about tax reform, then specifically 1031 Exchange tax reform and ramifications from us. So as of today, this is where we are at. We need YOUR voice and we need it NOW.
Congress will be introducing tax reform bills in the next few months. Section 1031 Tax-Deferred Exchanges are directly threatened and could very well be repealed or severely limited.
We are working to ensure that a repeal or restriction of Section 1031 is NOT included in any tax reform bill that is introduced. Your assistance in this effort is needed right NOW. We have just a few months to influence this legislation to keep 1031 out of a bill. If our efforts are not successful and 1031 is included in a tax reform bill, we will then be facing an uphill battle over the next 3 years to fight the legislation. Let’s ward it off NOW.
What can you do?
Let’s keep the momentum strong. Working together we will make a difference.
IPX1031® is the largest qualified intermediary in the country and has a dedicated website to tax reform at www.ipx1031.com/taxreform