DC Updates: Land Real Estate News

DC Updates are your source for the latest legislative news in the land real estate industry. These updates are to keep land professionals informed about the issues that matter most to them and impact their business.

President Obama’s Administration Continues Its Quest to Limit the Ability to Defer Income Under IRC § 1031

The Obama Administration continues its efforts to limit the use of Tax Deferred 1031 Like-Kind Exchanges. In their 2017 budget proposal, the Obama proposed a one million dollar limit on both real and personal property exchanges. The REALTORS® Land Institute advocates strongly that these exchanges are a vital contributor to the entire real estate industry and […]