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1031 exchange

Defer tax: Section 1031 exchange, new limits

Defer tax: Section 1031 exchange, new limits

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this...