The New Year brings with it a welcomed tax change to Pennsylvania: the recognition of Internal Revenue Code (IRC) Section 1031 like-kind exchanges. Under the federal tax rules, gain or loss is ...

Despite raising it as a possibility on the campaign trail, modifying or repealing the treatment of the tax benefits of like-kind exchanges has not been part of President Biden’s proposed tax reforms ...

Newport Beach businessman Webb Morrow figures he’s swapped real estate properties roughly 25 times in the past two decades,tax free. Morrow, now in his 70s, has bought and sold apartments, retail ...

Commercial real estate owners are mobilizing to defend a cherished tax break that the Biden administration has put squarely in its sights. 1031 Exchanges were created in the 1920s to help farmers, but ...

1031 Exchanges — so called because they are covered in Section 1031 of the Internal Revenue Code written by the U.S. Congress — are not widely publicized in the business world. Yet they can be highly ...