Section 1031 Like-Kind Exchanges Under Threat

Last week President Biden released the details of his $1.8 trillion American Families Plan, which includes a $500,000 cap on like-kind exchanges as a means to pay for the proposal. The results of a study of exchanges accommodated by IPE 1031 and other qualified...

COVID-19 Matters Potentially Affecting Exchanges

Deadlines for Section 1031 Exchanges Extended: On April 9, 2020, the IRS published Notice 2020-23 (the “Notice”), which extends certain Section 1031 time periods. The Notice states that Section 1031 45-day identification and 180-day acquisition deadlines that fall on...