As part of the tax policy changes included in the American Families Plan, 1031 like-kind exchange deferral amounts would be capped at $500,000.
Recent research by EY has estimated that like-kind exchanges are expected to generate 568,000 jobs this year, including $27.5 billion of labor income and a total of $55.3 billion of added value to the US economy. Limiting section 1031 will have a dramatic negative impact on these numbers.
Limiting section 1031 will have a dramatic negative impact on these numbers. You can help. Tell Congress to keep 1031 Exchanges. Learn more at 1031.org and click on the button below to send an electronic letter to Congress. Every letter makes a difference!