Michael Clarke, a real estate investor, was able to defer taxes on his gains under Section 1031, a provision of the tax code that allows so-called like-kind exchanges. The administration wants to rein in a tax deferral on gains from the
sale of real estate. Opponents worry that the move would stifle
investment. ...moreRSK: Another way to look at the value of the 1031 Exchanges....it is not just for the 1%. Many taxes and jobs flow back to the economy on an exchange, not just capital gains being withheld... | ||
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