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 Update on Capitol Hill – House Passes $1.7T Spending Bill – November 2021
November 22, 2021 The House of Representatives passed a $1.7 trillion spending bill last Friday, November 19th. At this point Section 1031 remains intact and unchanged. The Administration’s proposal to cap Section 1031 at $500K per taxpayer was not included as a “Pay...
1031 Update on Capitol Hill – 1031 Zombie Legislative Update as of 10/29/21 – October 2021
October 29, 2021 1031 Zombie Legislative Update What a week it has been for the living! The proposal to cap Sec 1031 like-kind exchanges at $500,000, effectively a repeal of this important tax-deferral, tax-timing tool, is Zombie legislation. It’s a bad idea that...
Tax Notes: The 1921 Like-Kind Exchange Policy Still Makes Sense
September 2021 1031 tax policy is justified. It’s proven and sound. Limiting or eliminating Section 1031 is a truly ineffective pay-for. Our own IPX1031 Suzanne Goldstein Baker’s latest piece just published in Tax News Federal (PDF version here) explains why:Tax...
1031 Update on Capitol Hill – $3.5T Infrastructure Bill Begins – September 2021
September 2021 1031 Will Be In or Out The House recently passed the 2022 reconciliation Budget Resolution that sets up work on the 3.5 trillion infrastructure plan including social programs and tax increases. It is the tax increases that threaten Section 1031 with a...
1031 Update on Capitol Hill – Senate Amendment Voice Vote – August 2021
August 2021 On August 11, the U.S. Senate approved an amendment to preserve Section 1031 in its current form. The amendment was offered by Sen. Kennedy (R-LA) as part of the budget resolution Vote-a-Rama, and it passed by unanimous voice vote. While the passage of...
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.
Submissions to the House Ways & Means Committee and Senate Finance Committee
The real estate industry coalition of 22 organizations, including the FEA recently submitted statements to both the House Ways & Means Committee and Senate Finance Committee. The letters cover a host of tax reform issues, including retention of 1031. These are...
Tax Reform That Kills Like-Kind Swaps a Red Flag for Farmers
Reproduced with permission from Daily Tax Report, 104 DTR G-3 (June 1, 2017). Copyright 2017 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com By Allyson Versprille | May 31, 2017 08:01PM ET | Bloomberg BNA IPX1031's General Counsel, Suzanne...
Advocates Aim to Preserve Like-Kind Exchange in Tax Reform
by Emily L. Foster, Tax Analysts, Tax Notes, May 8, 2017, pp. 726-730 Practitioners and industry advocates aim to preserve the coveted like-kind exchange tax-deferred treatment that could be threatened if Congress considers revenue-raising ideas proposed by former...
Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block
Travis Gonzalez, Bisnow In June 2016, while Americans were focused on the presidential election, a Republican task force unveiled a 35-page blueprint for tax reform. Dubbed “A Better Way,” the reform attempts to overhaul tax policy and to stimulate the economy through...
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!
