IPX1031® In the News – Tax Reform
IPX In the News
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1031 Tax Reform Update – June 2018
June 2018 As we all know, Section 1031 was preserved in the 2017 Tax Cut and Jobs Act (JCTA), but only for real property assets. Personal property assets, such as machinery, equipment, vehicles, rolling stock, aircraft, collectibles and artwork, no longer qualify for...
Impact of the Tax Cut and Jobs Act on Sec. 1031
The Tax Cut and Jobs Act was signed into law on December 22, 2017, and took effect on January 1, 2018. It is a complex modification to the Internal Revenue Code that will take some time to fully understand, notwithstanding that it became effective just nine days...
The Effect of the New Tax Reform Bill on Real Estate
It appears that House and Senate have reconciled the differences between their respective tax bills and a vote on the final bill may occur by the end of this week. According to the Washington based non-profit public policy organization, The Real Estate Roundtable,...
Where is Sec 1031 in the Tax Reform Bills?
Both the House and Senate versions of the proposed “Tax Cut and Jobs Act” would retain Section 1031 Like-Kind exchanges in present form, but only for real estate assets. Both would repeal Section 1031 for tangible and intangible personal property, art and...
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...
