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FEA Understanding the Impact of Depreciation on Like-Kind Exchanges
![FEA Understanding the Impact of Depreciation on Like-Kind Exchanges](/sites/default/files/styles/max_650x650/public/2021-08/fea_logo-1_0.png?itok=fWE05-t5)
FEA "The Voice of the 1031 Industry" Releases an Important Paper This Week!
Understanding the Impact of Depreciation on Like-Kind Exchanges
"Like-kind exchanges under IRC §1031 support investment in commercial and residential real estate and encourage preservation of family-owned farms, ranches, and forestland. Like-kind exchanges provide deferral, not elimination, of tax. By preserving cash flow, section 1031 encourages taxpayers to divest properties that are under-utilized, inefficient, or that simply do not meet current needs, with replacement properties that will permit businesses to grow and thrive." Read the complete article to learn more.
(Quote and Article Credit: FEA | Federal Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s)
![Brent Abrahm Accruit President and Chief Executive Officer](/sites/default/files/styles/large/public/2021-08/brent-abrahm-headshot-for-blog-quotes-center_0.png?itok=IAg9MbEo)
"It was important for the FEA to publish a piece that provides clarity to the accounting and depreciation impact of 1031 transactions. I was pleased to collaborate with Suzanne Baker, from IPX1031 on this paper."
- Brent Abrahm, President & Chief Executive Officer | Accruit
Click to view and download the full article! - FEA Understanding the Impact of Depreciation on Like-Kind Exchanges