Preserve Section 1031
The House Republican Blueprint for Tax Reform, titled “A Better Way” is the model for tax reform this year. This tax reform proposal pairs 100% immediate expensing with unlimited loss carryforward for tangible & depreciable personal property assets and real estate improvements, except land. The proposal would also eliminate the business interest expense deduction. To help pay for tax reform, 1031 exchanges are at serious risk of being eliminated.
1031 exchanges complement these tax reform proposals and exchanges should remain in its present form for land and other non-covered assets for many reasons. To read more, go tohttp://www.1031taxreform.com/1031-com….
1031 exchanges foster transactional activity, preserve real estate values, allow small businesses to expand and create new jobs. Visit http://www.1031taxreform.com/take-act… to send a letter to your Congressional representatives in support of preserving 1031 exchanges!