CRE Industry Turns Up Heat on Congress to Retain Like-Kind Exchanges, Interest Deductibility

While health-care reform and the investigation into Russian meddling in the U.S. election took center stage as Congress returned this week from the July 4th recess, Republican lawmakers are also quietly trying to jumpstart discussions on tax reform, including the proposed elimination of the deduction for business interest expenses and the tax incentive for 1031 like-kind exchanges, which is used in as much as one in every five U.S. commercial real…

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