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A 1031 Exchange is not a “tax loophole” or a “tax dodge.” It is a tax benefit that helps fuel the ec

Presidential candidate Joe Biden recently announced his proposed tax plan, which seeks to fund a $775 billion child and elder care plan by making several major changes to the Tax Code, including a repeal or limitation on the “1031 exchange” or “like-kind exchange a tax benefit commonly used by real estate investors.” The Tax Cuts and Jobs Act, passed by the Trump Administration back in 2017, repealed the use of personal property 1031 exchanges to pay for other tax cuts, but they did allow certain accelerated depreciation methods, which sunset over a period of time, to partially offset its elimination.


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