1031 Exchange is on the Chopping Block in the New Tax Reform Package

Dec 15th, 2016

Highlights from Politico's Katie O'Donnell reporting:

"Like-kind exchanges under Section 1031 are on the chopping block, sources said, but the reception to other breaks wasn’t immediately clear."

"Ways and Means Chairman Kevin Brady (R-Texas) indicated as much in comments to reporters during a break, when he batted down a question about dropping the provision in light of pushback from industry groups and skepticism in the Senate."

"House tax writers are aiming to have a bill ready in time for President-elect Donald Trump's inauguration." 

https://www.politicopro.com/tax/whiteboard/2016/12/house-tax-writers-scrutinized-tax-expenditures-in-reform-discussion-081130