Have you ever heard that adage that “whatever congress calls a bill it does the exact opposite?”

The “tax cut and jobs act” otherwise known as the Trump tax cuts severely restricted 1031 exchanges. Before 2018 the accepted definition of “like kind” meant: a house for a house, a boat for a boat, a horse for a horse, etc. Now exchanges are limited to real estate only and “like kind” identifies the type of property.

For example: you cannot exchange residential property for commercial property. IE a house for a strip mall.

Remember, all taxation of individuals is theft, the government is not working for you, it’s feeding off you.