1031 exchange rules

1031 Exchange Rules Modified : Here is A Fresh Look on Section 1031 .

1031 exchange rule gets a heavy change vide the recently passed law-The Tax Cuts & Jobs Act. So, one of the major provision of law that was used by a taxpayer to save on capital gains tax requires fresh look and understanding. Fact is that heavy lobbying by various NGOs for preventing any change to section 1031 has given fruit as most of the benefits as far as real estate is concerned remained intact. But for the benefit of wholesome understanding of 1031 exchange rule in the context of newly passed Tax Cuts and Jobs Act, let answer basic FAQS on this rule

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