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FEA Understanding the Impact of Depreciation on Like-Kind Exchanges

The FEA published 'Understanding the Impact of Depreciation on Like-Kind Exchanges' this week and Brent Abrahm, President & Chief Executive Officer of Accruit, a Qualified Intermediary for 1031 like-kind exchanges responds!
FEA Understanding the Impact of Depreciation on Like-Kind Exchanges

FEA "The Voice of the 1031 Industry" Releases an Important Paper This Week!

Understanding the Impact of Depreciation on Like-Kind Exchanges

"Like-kind exchanges under IRC §1031 support investment in commercial and residential real estate and encourage preservation of family-owned farms, ranches, and forestland. Like-kind exchanges provide deferral, not elimination, of tax. By preserving cash flow, section 1031 encourages taxpayers to divest properties that are under-utilized, inefficient, or that simply do not meet current needs, with replacement properties that will permit businesses to grow and thrive." Read the complete article to learn more.

(Quote and Article Credit: FEA | Federal Exchange Accommodators - www.1031.org)


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Brent Abrahm Accruit President and Chief Executive Officer

 

 

"It was important for the FEA to publish a piece that provides clarity to the accounting and depreciation impact of 1031 transactions. I was pleased to collaborate with Suzanne Baker, from IPX1031 on this paper."

- Brent Abrahm, President & Chief Executive Officer | Accruit


Click to view and download the full article! - FEA Understanding the Impact of Depreciation on Like-Kind Exchanges

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