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Advocacy ActionComment Letters

IPA joins industry coalition encouraging Treasury Department for fair treatment of cost basis for 1031 exchanges

By June 8, 2018September 9th, 2018No Comments

The IPA joined a coalition of 14 real estate trade associations in encouraging the Treasury Department to interpret “unadjusted basis immediately after acquisition,” for purposes of section 199A, in a manner that would neither inhibit nor impair the economics of a taxpayer’s decision to engage in a section 1031 like-kind exchange.

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