1031

In 1991, the U.S. Treasury adopted regulations that govern Section 1031 Exchanges. Since adopting the regulations, thousands of investors have deferred capital gain taxes on the disposition of their business, investment or income property by utilizing the services of a professional QI. Members of the FEA represent the companies whose primary business is acting as QIs for Section 1031 Exchanges... The FEA takes an active role in responding to legislative and regulatory actions at both the state and national level. The association has repeatedly presented commentary to the IRS, House Ways and Means Committee and Senate Finance Committee in connection with legislative proposals under review and consideration by Congress to amend IRC Section 1031 and related tax provisions. The FEA has provided commentary and testimony to many state legislatures and regulatory agencies regarding the licensing and regulation of exchange professionals. The FEA remains committed to actively monitoring the..