Introduced in the 1920s, the 10exchange enabled farmers to sell property, livestock or. EXCHANGE : consequences of its elimination. Exchange , Industry Expert, Tax Benefits. The House and Senate have both recommended the complete elimination of the 10tax deferred exchange.
Again, neither of the proposed changes are in . Defer tax with a Section 10exchange , but new limits apply this year. In 201 Congress' Joint Committee on Taxation estimated a tax-revenue gain of $40B over 10 . The most damaging proposal is the elimination of the deduction of state and local. Eliminating 10exchanges is not a new idea. A third proposal to eliminate 10like-kind exchanges would remove a . January 201 eliminated many of the deductions such as for charitable .
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