Save the 1031 Exchange with Congressman David Schweikert

Save the 1031 Exchange with Congressman David Schweikert
Inland Security hosted an hour-long panel discussion with United States Congressman David Schweikert from the House Ways and Means Committee, the chief tax-writing committee of the United States House of Representatives, regarding the future of the IRS Section 1031 Exchange. Watch the following video to learn about the IRS Section 1031 Exchange, how the upcoming election may affect this important investment strategy, and ways in which it may be protected.
To take action, visit these sites:
1031buildsamer...
www.ipa.com/1031s/
Host:
Charles A. Jensen
Senior Vice President
Inland Securities Corporation
Panelist:
William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services
LLC and Exeter Trust Company
[e-mail]
Steve Decker
Senior Vice President
IPX 1031
[e-mail]
Dan Wagner
Senior Vice President of Government Relations
The Inland Real Estate Companies
[e-mail]
Colin Cosgrove
Senior Vice President - Executive VP of National Sales Manager
Rahul Sehgal
Chief Investment Officer
Inland Private Capital
#InlandSecuritiesCorporation #CharlesJensen #CharlesAJensen #DanWagner #ColinCosgrove #RahulSehgal #TheExeterGroup #Exeter1031 #ExeterTrust #WilliamLExeter #IPX1031 #Steve Decker #1031Exchange #DelawareStatutoryTrust
Recorded: 2020.10.13

[@TheExeterGroup]

GOOD NEWS! HOUSE WAYS AND MEANS COMMITTEE MARK-UP has been released.
1031 Exchanges were NOT included in the mark-up, so no changes to 1031 Exchanges.
The step-up in cost basis was NOT included in the mark-up, so no elimination of the step-up in cost basis.
Capital gain taxes for the 20% bracket will be increased to 25% (good news for us, because people that used to just pay the tax will now want to do a 1031 Exchange).
There is always a chance the above could change, but that is very very unlikely once we have reached this point.

[@TheExeterGroup]

Great presentation hosted by Charles Jensen, Senior Vice President, Inland Securities Corporation; and joined by Dan Wagner, Senior Vice President, The Inland Real Estate Group of Companies; Rahul Sehgal, Chief Investment Officer, Inland Private Capital Corporation; Colin Cosgrove, Senior Vice President, Inland Private Capital Corporation; Bill Exeter, Chief Executive Officer, Exeter 1031 Exchange Services, LLC and Exeter Trust Company, on The Future of 1031 Exchanges. You can visit the following websites to help contact your congressional representative to let them know you are against these changes: www.1031taxreform.com
and www.ipa.com/1031s/.