Page 23 - Delaware Statutory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

final IRS like-kind exchange regulations adopt some comments (Winners), reject some comments (Losers), and do not consider some comments because they are beyond the scope of the regulation project (Punts). Regulations are needed because the 2017 Tax Cut and Jobs Act (TCJA, also called the Tax Act) limited like-kind exchanges occurring after 2017 to “real property held for productive use in a trade or business or investment.” IRC § 1031 does not define the term “real property.” The main purpose of the regulations has been to define the term “real property,” especially with regard ...

Share: LOS ANGELES, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Kay Properties is proud to announce the successful completion of a family's 36-million-dollar 1031 exchange diversified into 15 Delaware Statutory Trusts.  Chay Lapin commented, "At Kay Properties we have specialized in providing a far higher level of DST investing services than found at typical providers of DSTs. We specialize in DST investments thereby allowing us to provide full-service resources for our clients as they are going through their 1031 exchange situation and consideration of DST properties. As always, working with our ma...