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 American Businesses During Economic Uncertainty brochure, bearing the logos of 27 diverse real estate industry associations, is a strong visual of the breadth of support across all real estate — residential, commercial, industrial and agricultural.

The brochure includes the new findings from the updated EY Study, published in May 2022, along with findings from the Ling & Petrova study (2021), and examples of how Like-Kind Exchanges benefit the broad array of taxpayers that use them. In a nutshell, Ernst & Young estimated that in 2021, Like-Kind Exchanges supported 976,000 jobs, including $48.6 billion of labor income, and $97.4 billion of total value added to US GDP.