The law commonly known as the Tax Cuts and Jobs Act of 2017 (the TCJA) amended section 1031 of the Internal Revenue Code of 1986 (Code) to provide that only exchanges of like-kind real property are eligible for deferral of gain. Following this...
IRS FINALIZES 1031 REAL PROPERTY REGS: WHAT’S IN, WHAT’S OUT, AND WHAT TO DO
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