1031 Exchange blog

1031 Exchange Tax Law and Atlas 1031 Exchange Staff Addition

1031 Exchange Tax Law and Atlas 1031 Exchange Staff Addition

admin September 8, 2019

Originally posted by http://feedproxy.google.com/~r/1031ExchangeBlog/~3/4QSb-Y-zFcA/1031-exchange-tax-law-and-atlas-1031-exchange-staff-addition

President Trump signed in to legislation the Tax Cut and Jobs Act taking effect January 1, 2018, shifting the 1031 tax deferred exchanges that were first imposed in 1921. The major change to this 1031 code is that the removal of tax treatment for concrete and intangible personal property, such as resources such as classic automobiles, aircraft, gold and silver bullion, gear, automobiles and trucks, franchise fees and licenses. Tax deferred exchanges for real property were preserved.


Leave a Reply

Your email address will not be published. Required fields are marked *