1031 Exchange "on the Chopping Block in time for Trump's Inauguration", Politico Reports

[Editor's note: 1031Gateway supports the efforts of groups like www.SaveThe1031.org, which is exposing the devastation this tax reform proposal would unleash on our economy and mobilizing Americans to make their opposition known to Congress in order to stop this bill. Please visit www.SaveThe1031.org and fill out their form to directly send individual letters to your representative and senators in Congress, urging them to fight for the 1031 exchange.]

"Like-kind exchanges under Section 1031 are on the chopping block..."

"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."

Katie O'Donnell, Politico

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