Proposed Tax Reform Bills Spare 1031 Exchanges

This week we got the first glimpse into what tax reform may look like under the current administration. Most real estate investors were specifically concerned with proposed reductions or elimination of section #1031 and 1031 exchanges.

But investors across the country are breathing a sigh of relief, as neither the House nor Senate bill proposals include any changes to section 1031. However, there are some proposed changes that have those in the world of residential real estate shaking their heads.

Read more about why commercial real estate folks are cheering, while residential real estate pros are wondering what comes next.

*****

If a 1031 exchange is in your future, visit our website to learn more about these powerful tax deferral tools and our qualified intermediary and replacement property locator services.