Search
 

Has 1031 Been Saved (For Real Estate)?

On Nov. 16, the House of Representatives passed HR-1 the “Tax Cuts and Jobs Act.” Now the legislation moves on to the Senate for its debate, markup…

By Jonathan Hipp | Updated on November 28, 2017

Jonathan Hipp

On Nov. 16, the House of Representatives passed HR-1 the “Tax Cuts and Jobs Act.” Now the legislation moves on to the Senate for its debate, markup and passage. Whether it passes the Senate and winds up on the President’s desk in its current form, or at all, is currently up for debate. Much has been made of the proposed changes to the deductions available to ordinary taxpayers, changes in the tax brackets and the lowering of the corporate tax rate. Any one of those changes could have significant impact on the average person, good or bad, depending upon how you see the world.

For those focused on real estate, one of the areas that owners (and the industry as a whole) have anxiously been awaiting word on was that of like-kind or 1031 exchanges. Its elimination seems to be a source of anxiety every couple of years, only for nothing to happen.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.