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...
Cosenza on 1031s: ‘What Are the Feds Thinking?’
by John Salustri GlobeSt.com September 17, 2015 “A loss of like-kind touches everyone who touches real estate,” says Joe Consenza, vice chairman of the Inland Real Estate Group in this GlobeSt.com interview. In preparation for CCIM’s upcoming conference, CCIM Thrive,...
Section 1031 Exchanges are Important to a Healthy Economy
by rliland, Contributor James Miller, Assistant General Counsel, IPX1031® Over the past two years there have been numerous proposals to restrict or eliminate I.R.C. §1031 tax deferred exchanges. These proposals are based on misunderstandings about §1031 and do not...
Second Impact Study Finds Section 1031 is Fundamental to Real Estate and US Economic Growth
1031 Tax Reform Update – July 2015 Section 1031 matters. In fact, like-kind exchanges matter a lot. The second of two important economic impact studies, along with results of a large scale real estate industry survey, were released last week, quantifying the...
Results of EY Study Resonate with Members of Congress
1031 Tax Reform Update – June 2015 It's been almost three months since the March 17th release of the Ernst & Young Economic Impact of Repealing Like-Kind Exchange Rules study. The study provides important quantitative analysis which demonstrated that a repeal of...
Study Finds Repealing Like-Kind 1031 Exchange Rules Would Shrink GDP by $8B to $13B a Year and Hurt US Small Businesses
1031 Tax Reform Update – March 2015 March 18, 2015 IPX1031® announced that The Section 1031 Like-Kind Exchange Coalition released an economic impact study yesterday which concludes that repealing the like-kind exchange rules would slow economic growth, reduce GDP and...
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!
