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GOP Tax Plan & 1031 Exchanges

UPDATE - December 20, 2017: The House has voted for the second time across party lines and passed the largest tax overhaul in 30 years. With a 224-201 vote, Congress sent the package to Trump's desk in a huge victory for the Republican party. Again, there are no changes to 1031 exchanges of real property. The portion of the tax code that allows tax-free exchanges of “like-kind” property and the deferral of capital gains has remained intact.