The Complicated Impact of Eliminating 1031 “Like-Kind” Exchanges

The United States is one of the few countries in the world that allows real estate investors to defer paying taxes on the sale of a property as long as they reinvest the proceeds into another property. This tax rule, known as the "1031 exchange," has been in place for over a century, dating back...

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RSK: This could be a major blow to real estate investors plus city and state governments will lose many a tax fee.