Removing 1031 Exhange 2017?

[Mark Douglas]

Came across this article from IPX 1031.  Is there a chance this could go away?

https://www.ipx1031.com/the-republican-blueprint-for-tax-reform-poses-threats-to-sec-1031-and-real-estate/

[Bill Exeter]

I agree and disagree with Michael.  I have been in the QI industry for 33 years.  We see threats to 1031 Exchange pop up every few years, and we have always been able to fight off the threat with correct information as to the benefits of 1031 Exchanges and the fact that eliminating the 1031 Exchange would significantly hurt the economy and reduce taxes to the government (not increase them like they think). 

However, this time around might be different and we need to take it seriously.  The website above is not propaganda. 

The few senators that have indicated they would support it have also said they would only support it if the change was part of complete tax overhaul, which is now possible since the Republicans control the executive and legislative branches of government. 

We still think that 1031 Exchanges will survive, but this time around, everyone needs to take it very seriously and make sure that you communicate your opposition to any legislative contacts that you might have.  The FEA website referenced above has information on how to do this.  This time around is not the time to sit on your hands because it might just surprise us.