The 1031 exchange has been around for almost 100 years. But it may be on the chopping block as President Trump and Congress look at potential tax reform. Many people have called me and they're concerned about saving section 1031 and they want to know what they can do to help.
How Your Can Help
There's a grassroots movement brewing up among real estate Investors and entrepreneurs that have real estate with substantial potential gains and they're thinking “What am I going to do? What is my exit strategy if Congress arbitrarily just eliminates section 1031 as part of an overall tax reform?”
Contact Your Representatives
Click on this link to find your Congressional representatives and voice your concerns directly to the legislature that hold your future in their hands.
Let them know that you're concerned that if they eliminate this provision in the tax code that’s been around since 1921 it will adversely affect the economy, it will reduce economic growth, and real estate values will plummet. Let them know that you support a very surgical and thoughtful revision of the tax code that would save and preserve this very beneficial tax strategy.
- 1031 Hotline: If you have questions about section 1031 and tax reform, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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