by admin | Jan 31, 2019 | Tax Reform
Bill Horan pictured. The general public and professional practitioners do not know how close we came to losing 1031 exchanges in the last tax reform, even though tax-free exchange of property has been in the tax code since 1921. For several years we have been on the...
by William Horan | Feb 9, 2016 | Realty Exchange Corporation, Tax Reform, Treasury
President’s 2017 budget limits more 1031 exchanges The President’s 2017 budget proposes the capital gain deferred on 1031 exchanges of all property be limited to one million dollars, per taxpayer, per year, effective at the end of 2016. This change is a dramatic...
by admin | Mar 15, 2014 | Tax Reform
In addition to the severe tax reform suggestions in the House and Senate tax reform draft discussion papers the 2015 Presidential budget proposes that real property 1031 exchange deferrals be limited annually to $1 million per taxpayer. Also there would be rules for...
by William Horan | Dec 8, 2007 | Regulations, Tax Reform
By: Ed Horan, Certified Exchange Specialist® I have written a number of articles pointing out that there is a great deal of disagreement within the exchange industry over the qualification of vacation and second homes for an IRC 1031 like-kind exchange. In an audit...
