Library items tagged with 1031 Code.

Understanding the Impact of Depreciation on Like-Kind Exchanges | FEA

"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."