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Section 1031 Targeted For Modification or Elimination

By Rick Longpre on Mar 01, 2015 at 02:24 PM in 1031 Exchanges, Investing in Commercial Real Estate, Macro Economic News

President’s 2015 Budget includes Cap on 1031 Deferral

Within the recently released President’s 2015 budget is a proposal to limit gain deferral for real estate to $1 million per taxpayer per year (excerpt below).

This is another attack on IRC Section 1031. The justification for this proposal belies lack of understanding of the true benefits of §1031 exchanges.

Treasury Department “Green Book” Modifies the Like-Kind Exchange Rules for Real Property limiting the deferral to $1Million per taxpayer per year.– “Pro small business rational.”

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