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...
1031 Tax Reform Update – GOP’s A Better Way
Last Friday, on June 24, 2016, House Ways & Means Chairman Kevin Brady (R-TX), flanked by his predecessor, Speaker of the House Paul Ryan (R-WI), announced what informally has been called the GOP’s “Blueprint for Tax Reform.” The official title of this ambitious...
Like-Kind Exchanges are a Model for All Capital Gains
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...
Letter on 1031 LKE Agricultural Benefits Sent to House Ways & Means Committee
A letter in support of section 1031 LKE was sent today to House Ways & Means Committee Chairman Kevin Brady by two members of the House Agriculture Committee, Reps Gibbs (R-OH) and Rouzer (R-NC) and was joined by 17 other Congressmen & Congresswomen. The...
GlobeSt.com Interviews Joe Cosenza on 1031 Repeal Issue
Could Proposed 1031 Changes Be Good For Joe Cosenza? by John Salustri GlobeSt.com May 31, 2016 Joe Cosenza of Inland Real Estate Group talks with GlobeSt.com Editor John Salustri about his opposition to a potential repeal of Section 1031 and the effects of repeal on...
Eating The Seed Corn: Congress Proposes Repealing Section 1031
A RECIPE FOR DISASTER Eating The Seed Corn: Congress Proposes Repealing Section 1031 Options Under 1031 Benefit All Parties, Including The IRS by Joseph Darby BankerandTradesman.com November 22, 2015 Everyone understands that “eating your seed corn” is a really bad...
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!
