In a time of great uncertainty, it is a relief to be sure about one thing: the meaning of “real” — at least as it applies to commercial real estate transactions. What qualifies as real property, ...

Forbes contributors publish independent expert analyses and insights. Marie Sapirie writes about federal tax issues and litigation. The long-absent definition of real property for like-kind exchanges ...

The enactment of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, amended Sec. 1031 to apply only to exchanges of real property. Because of this change, the exchange of personal ...

The Internal Revenue Service and the Treasury Department issued final regulations related to Section 1031 like-kind exchanges. The new regs address the definition of real property, as well as the ...

The Tax Cuts and Jobs Act restricted the tax benefits of like-kind exchanges under Code Sec. 1031 to real property, eliminating personal property from eligibility. Prior to the change, the focus under ...

Kaheawa wind farm turbines in the distance are framed by Maalaea Power Plant stacks in this photo taken July 31. The Hawaii Supreme Court ruled Tuesday that Maui County cannot include the value of the ...