Defer tax with a Section 1031 exchange, but new limits apply this year

Depreciation, Small Business, Tax Cuts and Job Acts (TCJA), Tax Deduction /

Normally when appreciated business assets such as real estate are sold, a tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this favorable tax treatment. What is a like-kind […]

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