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New Research Highlights Economic Contributions of Like-Kind Exchanges Share Article As Section 1031 faces threats from Biden Administration, research found like-kind exchanges generate $7.8 billion in federal, state and local taxes this year. “It’s a myth that Section 1031 is a loophole for the wealthy to avoid paying taxes,” said Julie Baird, FEA President. ANKENY, Iowa (PRWEB) June 01, 2021 New economic research estimates Section 1031 like-kind exchanges will contribute 568,000 jobs and $27.5 billion in labor income to the national economy and $55.3 billion to the U.S. gross domestic product in 2021, according to the Federation of Exchange Accommodators (FEA). The research, conducted by Ernst and Young, also found that like-kind exchanges will generate approximately $7.8 billion in federal, state and local taxes this year. In addition, foregone depreciation, or reduced deductions, on the replacement

United statesDavid lingMilena petrovaJulie bairdDelaware statutory trustFederation of exchange accommodatorsExchange accommodatorsPresident bidenAmerican families planInternal revenue code sectionPress releaseஒன்றுபட்டது மாநிலங்களில்டேவிட் லிங்மைலேனா பெட்ரோவாஜூலி பெயர்ட்டெலாவேர் சட்டரீதியான நம்பிக்கை