IPA Joins Coalition to Submit Letter Underscoring the Importance of Like-Kind Exchanges
While the ink dries on the $1.9T stimulus bill, we anticipate attention in Washington, D.C. will quickly shift to the next major initiative — which we expect will be an infrastructure and economic recovery package.
A significant tax debate is likely on the horizon with this shift in attention, and we, along with our coalition partners, believe now is a good time to proactively remind policymakers of the many benefits of like-kind exchanges.
As such, we’ve contributed to letters to Congress and the Treasury Department to underscore the importance of like-kind exchanges, as a member of the Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition. We’ve signed both letters, which were finalized and sent to influential policymakers today. As a member of the Real Estate Roundtable’s President’s Council, we’ve been actively engaged in efforts to protect this important piece of tax code.
To stay apprised of critical like-kind exchange market updates, please join us April 12-13, 2021, at the Four Seasons Hotel and Resort and Club Dallas at Las Colinas, Texas for the IPAConnect 1031 Due Diligence Symposium.
This intimate gathering is a must attend event for all professionals in the syndicated 1031 like-kind exchange market. In addition to the opportunity to learn from and network with industry leaders, our policy team will lead important dialogues on efforts to preserve the like-kind exchange and outline plans on how you can get involved.
At the event, you’ll hear directly from Representative Suzan DelBene (WA-01), who continues to be a strong and influential advocate for the preservation of 1031 like-kind exchanges. We will also provide an actionable update on conversations happening across Capitol Hill that may impact broader tax reform, the 1031 like-kind exchange market, as well as key players and policymakers that will impact future decisions.
Our association, along with coalition partners, has proactively defended the like-kind exchange through active education, industry leading data and research, and engaged advocacy efforts. As the new administration settles in and seeks to advance new priorities, we must come together as an industry now and drive the conversation on the value of like-kind exchanges.
In addition to IPAConnect 1031, we’ll continue to focus our attention on this market, providing members with real-time communications as well as quarterly Mountain Dell market updates as part of our ongoing webinar series. Please also visit our website for a soon-to-be launched 1031 like-kind exchange advocacy page, where you can directly engage with your members of Congress to support and preserve this important tax provision, and watch for additional updates later this month.
If you have any questions, please don’t hesitate to reach out to Tony or me.
SVP, Government Affairs and General Counsel
Institute for Portfolio Alternatives