Section 1031 Exchange Rules 2025. A 1031 exchange takes its name from section 1031 of the u.s. The tax cut and jobs act (tcja) which took effect on january 1, 2018 eliminated personal property assets, including tangible, intangible and living (e.g.

Section 1031 plays a crucial role in bridging financing gaps for affordable housing. Examples of personal property assets that can no longer be exchanged include: