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When did Congress authorize the first tax-deferred like-kind exchange?

March 31, 2021

When did Congress authorize the first tax-deferred like-kind exchange?

Answer: The first tax-deferred like-kind exchange was authorized in 1921. Revisions and clarifications made by Congress in 1990 drew public attention for the first time to what were by then called 1031s.

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John E. Moriarty, ChFC
December 2015
February 3, 2016

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