1031taxreform.com

A Section 1031 like-kind exchange reform resource

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Join The Campaign

Taxpayer efforts are essential in the effort to preserve IRC Section 1031. Members of Congress need to hear from voters in their districts. Critical efforts to persuade Members of Congress not to modify or repeal like-kind exchanges are underway. Taxpayers can assist advocacy efforts by contacting their Congressional representatives by sending letters and asking their professional contacts to advocate for Section 1031. Members of Congress need to know the strong benefits of like-kind exchanges: they help taxpayers of all kinds, are not a loophole, and are a strong driver to the economy. Read more about the issue on the §1031 Repeal Issue page.

“What Can I Do to Help Prevent a Repeal of §1031?”

  1. Write your Congressional Representatives and Senators using our online advocacy page. Customize and send an emailed letter to Congress members explaining how important Section 1031 is to your businesses and your community.
  2. Refer your professional contacts to 1031taxreform.com. Ask all of your employees, referral sources, realtors and clients to contact their Congressional representatives and send a letter opposing the modifications to Section 1031.
  3. Share your experiences with §1031 like-kind exchanges with the FEA. When FEA representatives visit lawmakers, they can share your experiences, helping to make the case to reconsider a modification.
  4. Fund the effort to preserve Section 1031. FEA member companies are encouraged to make an additional membership contribution.
Start Now: Send a Message to Congress

Contact Your Legislators

Send an email to your Representatives and Senators using the FEA online advocacy portal. This method is a fast and effective way to tell your lawmakers not to repeal §1031, a valuable economic tool. Additionally, by emailing your Congress members through this site, you can help the FEA to quantify the progress of the campaign. This information allows FEA representatives to better discuss the issue with lawmakers when they visit Capitol Hill.

After sending an email to Congress, consider other steps you can take help the campaign. Sending a personalized letter is a very convincing way to show lawmakers that this issue affects businesses and individual voters in real ways. Thoughtful, personalized constituent messages often have more influence with Congress than a large number of identical form messages.

Send a Personalized Letter

Share Your Experiences with Like-Kind Exchanges

Have you benefited from §1031? The FEA wishes to share your experience with lawmakers to show the true benefits of like-kind exchanges. Sharing your experience can help educate and persuade Congress members that §1031 benefits real taxpayers and has a real effect on businesses across the country.

Don’t forget to include your contact information. Responses are most effective when the type, size, and city and state of the business are explicit, as legislators can see that a message came from a voter in their district.

Share your §1031 story

If You Receive a Response from a Congress Member

Congress members often respond to a constituent’s message. If you do receive correspondence from your Representative, Senator, or their offices or staff, please consider sharing it with the FEA. The association uses this feedback to measure their progress, and as a discussion point when visiting legislators in their offices. Send a message to 1031taxreform@1031.org .

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Section 1031 Complements Tax Reform, Adds to Growth

IRC Section 1031 like-kind exchanges help a taxpayers at all levels expand their businesses and invest for the future, with a significant positive impact on economic growth. Like-kind exchanges are used widely in the real estate, transportation, agriculture, conservation, equipment leasing, rental vehicle and construction industries. Section 1031 contributes significantly to American jobs, investment, tax revenue, and the health of the U.S. economy.

Section 1031 complements expected tax reform proposals, such as the House Republican Blueprint, and should be retained in its present form. Economic studies found that limiting or repealing like-kind exchanges would result in economic contraction and job loss.

About LKEs

Like-kind exchanges swap property, defer tax, and allow businesses and investors to manage capital. Taxes are eventually paid.

Benefits

Like-kind exchanges promote growth in local communities, federal revenue, and the U.S. economy.

Repeal Issues

Repeal legislation would cause damage to the economy, hurting investors, retirees, renters and other groups.

Economic Studies

Recent analyses of millions of real estate transactions show widespread use of like-kind exchanges by a broad base of taxpayers.

Resources

Find informational handouts and videos in Supporter Resources.
Or, look through our library of official letters and whitepapers.

Take Action

Members of Congress depend on stories from their constituents. Tell your legislators about how like-kind exchanges have worked for you.

Federation of Exchange Accommodators
Lynn Harkin, CAE, Executive Director
Federation of Exchange Accommodators
1255 SW Prairie Trail Parkway
Ankeny, IA 50023
Email: director@1031.org
Phone: 515-244-6515
Fax: 515-334-1174
www.1031.org

Williams & Jensen
701 8th Street, N.W.
Washington, DC 20001
Phone: 202-659-8201
Fax: 202-659-5249
www.williamsandjensen.com

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