Apparently there is a serious proposal, backed by Trump to ditch 1031 and replace it with something more reasonable where you would have a year to find a replacement property. There are some issues, like getting rid of depreciation, that I can’t quite make sense of.
Here is where I heard about it:
- go to the link
- listen to podcast “Real Talk: 01 .21.17”
- discussion about it starts at about 5:00