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Like-Kind Exchange Rules, shows that repealing IRC Section 10would. Mar Additionally, the FY 20Budget completely repeals exchanges for artwork. Chair Dave Camp included complete repeal of Section 1031. Apr By now you have heard about the proposal for a repeal or limitation of the like kind exchange as part of a comprehensive tax reform plan for . The proposal would repeal section 10regarding gain and require an exchange broker to file an information return showing the . May first-out method of inventory; modify net operating loss deductions; and repeal like-kind exchanges. If Congress shifts toward full expensing in . Sep Several proposals have called for the repeal or restriction of tax deferral of gain from the exchange of like-kind property.

Apr The Camp Proposal would repeal Code Section 10for like-kind exchanges occurring after 2014. Senate Finance Committee Chairman Max . Repeal of the like-kind exchange rules, except for real property. Reduced corporate tax rate.

The Act permanently reduces the corporate tax rate to percent. Oct A new study has found that obliterating the 10Exchange is likely to. Meanwhile, a repeal would likely generate less than $500M per year .