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Scott Johnson
May 02, 2021
In General Discussion
For those of you who work with investors, you know the importance of 1031 tax exchanges. New tax rules being proposed would limit 1031 tax exchanges to a maximum of $500K. Please consider sending a message to Congress that 1031 exchanges are important for economic growth. This real estate tool has been part of the tax code since 1921, and it is estimated that like-kind exchanges generate over 500,000 jobs and more than $50B of value add to the US economy annually. Please consider emailing your congressperson using the link below and let them know that this important tax rule is not a "loop-hole," and should remain part of the tax code as it has for the past 100 years.