For those of you who work with investors, you know the importance of 1031 tax exchanges. New tax rules being proposed would limit 1031 tax exchanges to a maximum of $500K. Please consider sending a message to Congress that 1031 exchanges are important for economic growth. This real estate tool has been part of the tax code since 1921, and it is estimated that like-kind exchanges generate over 500,000 jobs and more than $50B of value add to the US economy annually. Please consider emailing your congressperson using the link below and let them know that this important tax rule is not a "loop-hole," and should remain part of the tax code as it has for the past 100 years.
https://take-action.ipx1031.com/ctas/send-message-to-congress?inf_contact_key=40496921d76b828140fb8aa854b61f9fdcd43eaff8ca03dc1d15424b3c75c21d