The Tax Reform Bill H.R. 1, Tax Cuts and Job Act amended IRC Section 1031 to RETAIN like-kind exchanges for real property (real estate),
but 1031 exchanges of personal property and intangibles are eliminated.
Get Started Learning about 1031 Exchanges Here
Why should I do an exchange?
Quite simply, a 1031 exchange allows you to reinvest into new property without taking losses to taxes. If you intend to keep your money invested to allow for future growth, an exchange is an essential step in the process of moving from one investment property to another.
Everything has rules and steps, 1031 exchanges are no different.
Start with learning the basic rules, then follow the steps to a successful 1031 exchange.