Economic Impact of Repealing Like-Kind Exchange Rules Sera Capital works in the Delaware Statutory Trust (DST) or 1031 exchange space as a Registered Investment Advisor as well as an investment fiduciary.
BriefingWire.com, 12/18/2020 - (December 19, 2020): Since the enactment of the Tax and Jobs Act in 2017, pundits have commented on its economic consequences. However, misconceptions continue to enter the conversation around like-kind exchanges. This is probably due to a lack of understanding regarding the rules found in Section 1031 of the Internal Revenue Code. The like-kind provision enables taxpayers to defer paying some taxes when they exchange an investment or business property for another investment property of equal or greater value, instead of using the cash for other purposes. The provision, which addresses the payment timing instead of tax forgiveness, has been part of almost a century s federal tax code. The question