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Defer tax with a Section 1031 exchange, but new limits apply this year

Defer tax with a Section 1031 exchange, but new limits apply this year

by Capocore Professonal Advisors | Mar 19, 2018 | Small Business Tax

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this...
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Capocore Professional Advisors - 46 W. Shadbolt Ste A Lake Orion, Michigan 48362