INSIGHTS ON SECTION 1031 EXCHANGE CAP PROPOSAL
By United Country Auction ServicesAugust 02, 2024
A look at the proposed changes to Section 1031 Exchanges that could have significant implications for tax-deferred changes
EPISODE 105 OF THE SALE RING PODCAST: INSIGHTS
ON SECTION 1031 EXCHANGE CAP PROPOSAL
In the latest
episode of The Sale Ring Podcast, we dive into the proposed changes to Section
1031 Exchanges that could have significant implications for tax-deferred
changes. The current elected officials have suggested a cap of $500,000 per
person, a move that might alter the landscape of tax incentives if it comes
into effect.
Our guest, Greg
Schowe from Asset Preservation Inc., provides an in-depth look at the current
considerations for IRS Section 1031 Exchanges and offers his perspective on
what the future might hold. This discussion is particularly timely as we
approach a critical presidential election, with many experts believing that its
outcome could determine the fate of the remaining tax incentives in our
country.
Beyond Section
1031, we also explore the concept of Reverse Exchanges and other legal
advantages such as Section 121. Greg’s expertise sheds light on how these
strategies can be utilized effectively within the current regulatory framework.
Don’t miss out on
this enlightening episode—tune in to gain valuable insights and stay informed
about potential changes that could impact your financial strategies.
Click
Here to listen to Episode 105 of The Sale Ring Podcast now!
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