1031 Exchange Update

1031 LIKE KIND EXCHANGES: Under both the House and Senate tax reform proposals released in the 113th Congress, Section 1031 is repealed, and further, the President’s budget for Fiscal Year 2015 proposes limits on the deferral provisions of Section 1031. Although none of these proposals progressed in the 113th Congress, if tax reform plans are introduced in the 114th Congress it is likely that they will borrow heavily from the previous ones, so Section 1031 is still at risk. Thus far, no tax reform plans have been introduced in 2015.

Source:

National Association of REALTORS® Issue Brief
Commercial Real Estate
August 2015

“Doral Commercial Real Estate Specialist”

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.

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About Richard Recuset

As a Miami resident for over 35 years, Richard Recuset has a very unique and exceptional real life perspective in the Industrial Airport West Doral Submarket. His performance record shows a high degree of professionalism and hard work with an accompanying enthusiastic personality. His proven degree of persistence best serves his clients goals, always protecting the client’s interest as though it was his own. You can count on Richards’ personalized and knowledgeable service along with his strong character and integrity to get the job done right. For superior real estate representation in The City of Doral and surrounding areas, call Richard Recuset, your real estate professional.
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