Voices Limiting like-kind exchanges and what that means for the real estate market

Source: Accounting Today— 

Like-kind real estate exchanges, or 1031 exchanges, have been an integral part of real estate investment for many years, dating back to the Revenue Act of 1921. While these rules have evolved over time, the core purpose has remained the same: 1031 exchanges allow real estate investors to defer capital gains taxes on disposed property if they acquire a new property of equal or greater value within the prescribed time period.