How did 1031 Exchange do in the New Tax Law?
First, the bad news, personal property 1031 Exchanges are, now, not allowed. If you started your personal property 1031 Exchange prior to January 1, 2018, you can still finish it. But, moving forward, personal property can no longer receive 1031 Exchange treatment. This mostly affects fleet exchanges (i.e. semi-trucks and rental cars), antique dealers, airplane…Read More