Help Preserve the 1031 Like-Kind Exchange by Submitting Your Story Today
June 23, 2021 Government & Community Affairs, NAR Updates
Have you or a client used a 1031 like-kind exchange to complete a deal, invest in a business or housing creation opportunity and seen the benefit that this mechanism brings to communities?
NAR wants to hear your story as part of a campaign to educate lawmakers and their staff about 1031 exchanges to show that it is not a tax loophole for the wealthy, but rather a tax tool that brings revenue, jobs and investment to communities.
Recent proposals to repeal or limit the 1031 like-kind exchange could devastate the commercial real estate sector and investment in communities across the United States. From affordable housing providers, to small businesses, to farmers, 1031 has been used by a range of Americans since its creation 100 years ago.
A recent industry survey showed that 60% of exchanges involve properties worth less than $1 million, and more than a third are worth less than $500,000. But we’d like to hear your story to illustrate how people like you make great business investments through the 1031 tax exchange.
We need your help to educate lawmakers and their staff about 1031s. It is not a tax loophole for the wealthy; it is a tax tool that has brought immeasurable revenue, jobs, investment, and economic benefit to the U.S.
Submit Your 1031 Story
Click below to submit your 1031 experience to NAR for consideration as part of this campaign.