The start of the new year brings new tax changes. Although none of the new provisions affect 1031 Exchanges, there are a few highlights to note.
The Protecting Americans from Tax Hikes Act of 2015 (the "PATH Act") signed by President Obama last month contained some provisions relating to real estate. Learn more about the extension of bonus depreciation here: https://tax.thomsonreuters.com/blog/cs-professional-suite/cs-tax-asset-management-solutions/ultratax-cs-new-legislation-updates
Learn more about the changes to FIRPTA and rules impacting REITs here: https://www.reit.com/news/articles/obama-signs-firpta-reforms-law
Several tax extensions became permanent. Read about these and learn more about the Affordable Care Act Penalty Tax, the effect of inflation on tax brackets, mileage deductions and more here: http://on.wsj.com/1OWhU2R