Month: March 2018

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 exchange accounting. This is also known as Like-Kind Exchange Accounting. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this favorable … Continue reading “Defer Tax with Section 1031 Like Kind Exchange Accounting: New 2018 Limits”