IPX1031 Insight Blog

Letter on 1031 LKE Agricultural Benefits Sent to House Ways & Means Committee

A letter in support of section 1031 LKE was sent today to House Ways & Means Committee Chairman Kevin Brady by two members of the House Agriculture Committee, Reps Gibbs (R-OH) and Rouzer (R-NC) and was joined by 17 other Congressmen & Congresswomen.

The letter got its start when FEA members visited with key Agriculture Committee Members and requested that the Members send a letter to Ways and Means Chairmen Brady, reinforcing how important 1031 is to the Agricultural economy. In addition to members of the tax writing committees, FEA GAC members, and leadership continue to meet with members of the House Agriculture, Small Business and Financial Services Committees to continue efforts of educating on the powerful benefits of section 1031.

Click here to read the letter.

Locate a 1031 Expert In Your Area

Recent Posts

The Build to Suit Exchange

The build-to-suit exchange, also referred to as a construction or improvement exchange, gives the Exchanger the opportunity to use all or part of the exchange funds for construction, renovations or new improvements to the Replacement Property.

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...

Be Prepared If Your 1031 Transaction Needs to Go in Reverse

1031 Exchange transactions continue to be on the rise. What’s also trending is the need for Reverse Exchanges. With limited available inventory and the need to secure your ideal Replacement Property, you may find yourself in a situation where a Reverse Exchange is...

Pin It on Pinterest