Americans for Tax Reform recently posted about the strengths of 1031 Exchanges and how in a perfect world, capital gains should be treated the same as like-kind exchanges:
Like-kind exchanges, a provision existing under section 1031 of the tax code allows an investor to defer paying capital gains taxes on certain assets when they use those earnings to invest in another, similar asset. This can be done again and again until the investor ultimately cashes out and protects against a needless lock out effect that would discourage investment.
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