Proposed Changes to Section 1031: Exchanges of Collectibles (Works of Art)

By
Services for Real Estate Pros with Exeter 1031 Exchange Services, LLC

Proposed Change to Section 1031: Exchanges of Collectibles (Works of Art)

The Farm Bill that is currently pending before the United States Congress contained a number of provisions that would affect Section 1031 of the Internal Revenue Code, including the exchange of art work or collectibles.  The provision would have essentially prohibited the 1031 exchange of collectibles such as art work. 

Pending Change Deleted From Farm Bill  

I am very happy to announce that this provision has been deleted from the Farm Bill and the 1031 exchange of collectibles is still permitted.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
1031
1031 exchange
section 1031
collectibles
art

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Anonymous #1
Anonymous
Angel Dust

This sucks ... I want the 1031 tax exchange to not include art and collectibles .. FUDGE !

July 21, 2008 12:29 PM
Rainmaker
130,709
Bill Exeter
1031 Tax-Deferred Exchange Expert
Exeter 1031 Exchange Services, LLC

Hi Angel Dust,

Thank you for dropping by and visiting my blog.  You have an "interesting" point of view. 

July 21, 2008 01:05 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
130,709

Bill Exeter

1031 Tax-Deferred Exchange Expert
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

" style="overflow:hidden;" seamless scrolling="no" id="custom-widget-content" onload="resizeIframe()">Your browser does not support iframe.