Oppose the Proposed Restriction on 1031 Like-Kind Exchanges for Real Property
Write to your Member of Congress and Senators to urge them to oppose restricting Section 1031 like-kind exchanges. As part of the FY 2023 budget proposal, the Biden Administration has proposed eliminating the application of Section 1031 for gains greater than $500,000. Like-kind exchanges have been part of the U.S. tax code since 1921 and are one of the tax code’s most powerful economic tools. It is critical that we all vigorously and visibly oppose this proposal. Make your voice heard with a prefilled letter, which you can customize to add personal anecdotes or powerful client stories to highlight the positive impact of Section 1031 like-kind exchanges on retail investors, including the many planning for retirement, as well as small businesses and our overall economic recovery.