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A Section 1031 like-kind exchange reform resource

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May 5, 2020 By Lynn Harkin

FEA Sends Letter to Biden Campaign regarding the economic impact of Like-Kind Exchanges

On May 5, FEA sent a letter to the Biden for President campaign to advocate for Section 1031 like-kind exchanges and their importance in stimulating the economy.

The FEA is troubled by the Tax Policy Center’s March 5, 2020 analysis of the Biden campaign’s tax proposal, which assumes the proposal “repeals the deferral of capital gains from like-kind exchanges.”

Eliminating or limiting like-kind exchanges in the best of times would have a negative economic impact, increasing the cost of capital, slowing the rate of investment, increasing asset holding periods, and reducing real estate transactional activity. In the face of the current COVID-19 pandemic, recession and economic upheaval, the contractionary impact on the U.S. economy and real estate industry would be severe.  

Click here to read the March 5 letter to the Biden for President campaign.

Filed Under: FEA, FEA §1031 Activity Tagged With: 1031 Exchagne, 2020 Election, Like Kind Exchanges

Federation of Exchange Accommodators

Kimberly Steenhoek, Executive Director
Federation of Exchange Accommodators
1255 SW Prairie Trail Parkway
Ankeny, IA 50023

director@1031.org
phone (515) 244-6515
fax (515) 334-1174

www.1031.org

Williams & Jensen, PLLC

David Franasiak, Principal
1201 Pennsylvania Ave., NW
Suite 800
Washington, DC 20004
(202) 659-8201

www.williamsandjensen.com

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