The 1031 exchange is under attack. The American Families Plan includes severe restrictions on the benefits that IRS Section 1031 provides to American investors in its present form. Not only would limiting Section 1031 fail to achieve its stated purpose of generating meaningful tax revenue to help American families, but it would in fact harm vulnerable segments of American families and the economy.
Please click the button above to make your voice heard by taking less than one minute to fill out IPA's form to urge your members of Congress to protect like-kind exchanges from the crippling restrictions that have been proposed. Time is of the essence as the House Ways and Means Committee and Senate Finance Committee are actively soliciting feedback to understand the impact of Biden’s proposals. Our community has a unique opportunity to educate Congress on the negative ramifications of these 1031 exchange restrictions and to stop harmful changes to this important provision.
Here are some additional ways you can join the fight to preserve the 1031 exchange:
- Share this article and encourage others to fill out IPA's form to make their voice heard.
- Educate yourself and others on the issues using the materials on IPA’s 1031 Resource page.
- Share positive stories with ExchangeRight about how the 1031 exchange has helped you or someone you know achieve financial security, freedom, and generosity. Please email your stories to firstname.lastname@example.org.
ExchangeRight's Managing Partners are actively engaged in grassroots and lobbying efforts to preserve the 1031. The more positive stories that we are able to collect together to share with key members of Congress, the more we may be able to change the hearts and minds of our elected officials so that they recognize that the 1031 exchange is a key tool for American families to become secure, free, and generous.