In a May 8, 2017 Tax Notes article, “Advocates Aim to Preserve Like-Kind Exchange in Tax Reform,” writer Emily L. Foster explores issues surrounding repeal of Section 1031 like-kind exchanges, the historical context, and the effects of current tax reform initiatives on the provision. Experts discuss the potential of a repeal in the face of a reemergence of ideas from former House Ways and Means Committee Chair Dave Camp’s Tax Reform Act of 2014, as a revenue raiser for other proposals, and its relationship with 100 percent expensing for business assets and current tax reform proposals.
Article reposted with permission from Tax Analysts. Original publication: Tax Notes by Tax Analysts. “Advocates Aim to Preserve Like-Kind Exchange in Tax Reform,” by Emily L. Foster. May 8, 2017, pp. 726-730.
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