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Alexis Fermanis SIOR Director of Communications

SIOR Statement on Proposed Changes to 1031 Like-Kind Exchanges


Earlier this year, President Biden revealed an assortment of new tax proposals, including one that involves curtailing the use of a long-standing tool, the tax deferred “like-kind” exchange.

SIOR believes that the 1031 exchange is an essential component of today’s complex real estate market. Further, we are committed to raising awareness and educating the industry about its benefits.

For nearly 100 years, Congress has recognized that gain should not be taxed when property held for trade, business use, or investment, is exchanged for like-kind property. Section 1031 of the Internal Revenue Code addresses this principle, recognizing that taxpayers exchanging like-kind property have not altered their investment and that the overall economic circumstance of the taxpayer has not changed either. 

The ability for tomorrow’s investors to defer gain on like-kind exchanges is a critical aspect of our industry and must remain in place.

SIOR is working closely with our advocacy partner, the National Association of Realtors (NAR), and other industry affiliates to oppose the repeal or limitation of the like-kind exchange provision and to educate Members of Congress and their staffs on the importance of this provision to the economy. 

For more information on 1031 exchanges:




Media Contact
Alexis Fermanis SIOR Director of Communications