Last week we heard a chorus of voices from around the web urging the preservation of like-kind exchanges in any forthcoming tax reform. Graniterock CFO Steve Snodgrass characterized the unprecedented cross-industry support this way: “Rarely do the interests of small businesses owners, construction equipment intensive businesses and a broad range of local entrepreneurs agree with almost a century of federal income tax policy — especially when it results in billions of dollars in taxes being paid. But fortunately for the economy, they do.”
Commentary: Help the American economy: Keep the like-kind exchange – St. Louis Business Journal
Potential end of 1031 exchange provision could impact hotel transactions – Hotel Management