The tax reform act of 2018 modified 1031 exchanges severely and limited the scope of 1031s to just real estate. Prior to 2018, we were able to do 1031 exchanges of other business equipment such as fleet automobiles, airplanes, railcars, etc. However, Congress has made the decision to limit the scope of this tax deferral to only real estate.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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