News
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031 blog. Check back often to keep up to date!
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...
Tax Notes: Basis Limit in Passthrough Law Shouldn’t Hinder Like-Kind Exchanges
Basis Limit in Passthrough Law Shouldn’t Hinder Like-Kind Exchanges by Eric Yauch, Tax Notes, July 23, 2018, p. 560. Regulators shouldn’t interpret a passthrough deduction provision to create a double burden on taxpayers that engage in like-kind exchanges, such as...
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...
Proposed Like-Kind Exchange Limitation Raises Mismatch Concerns
By Nathan J. Richman, Nov. 7, 2017 “The limitation on like-kind exchanges proposed in the House Republicans' tax reform bill raises several mismatch questions when compared to the temporary expensing provision regarding timing and property classification, potentially...
Tax Reform Bill Draft Released Today
Today (November 2, 2017), Congress released the draft tax reform bill. The “Tax Cuts and Jobs Act” preserves a crucial benefit for real-estate investors – the ability to make tax deferred like-kind exchanges for real estate under IRC Section 1031. The bill would...
To keep investment dollars flowing, protect this incentive
A must read by Rep. Steve Stivers (R-Ohio) that appeared in The Hill on why it's crucial to preserve 1031 as tax reform moves forward. Read article here.
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!
This section will provide you with the latest tax reform news as well as updates and commentary on our IPX1031® blog. Check back often to keep up to date!