The general public and professional practitioners do not know how close we came to losing 1031 exchanges in the last tax reform, even though tax-free exchange of property has been in the tax code since 1921. For several years we have been on the board, a past president and part of the government affairs committee of the Federation of Exchange Accommodators (FEA), the national association of 1031 exchange Qualified Intermediaries. During 2016 and 2017 FEA voluntarily spent many hours walking the halls of Congress lobbying to protect 1031 exchanges. We are humbled to have worked with a small team of truly dedicated professional Qualified Intermediaries from across the country along with genius lobbying direction to keep 1031 exchanges for real estate in the tax code. We cannot thank them enough!
7400 Heritage Village Plaza, #102
Gainesville, VA 20155