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...
House Chairman Moves to End 1031 Exchanges – ACT NOW
updated May 2020 The Tax Cut and Jobs Act was signed into law on December 22, 2017, and took effect on January 1, 2018. Read about the impact the Tax Cut and Jobs Act had on Sec. 1031 here. Soon, 1031 exchanges may be eliminated under current tax reform proposals....
Op-Ed: Lee: Small businesses need smart tax policies
Houston Chronicle recently ran an Op-Ed by Randy Lee. Says small businesses are the backbone of the American economy accounting for 99.7% of all US employers. 1031 exchanges utilized through small businesses ultimately bring higher growth and more revenues for the...
Bloomberg BNA: Attorneys Blast Sanders’ Plan for Real Estate Tax ‘Loophole’
Bloomberg BNA recently published a commentary by Dave Franasiak and additional lawyers. • Says provisions Sanders vows to eliminate are part of current law, not means for tax avoidance • Legislation opposing like-kind exchanges one area that could make headway in 2017...
Letter on 1031 Benefits Sent to Donald J. Trump
A letter in support of section 1031 and signed by 26 real estate, forestry, farm, and land conservation organizations was sent to Donald J. Trump today. Click here to read the Trump letter. The letter is signed by 26 real estate, forestry, farm, and land conservation...
Letter on 1031 Benefits Sent to Hillary Rodham Clinton
A letter in support of section 1031 and signed by 26 real estate, forestry, farm, and land conservation organizations was sent to Hillary Rodham Clinton today. Click here to read the Clinton letter. The letter is signed by 26 real estate, forestry, farm, and land...
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!
