The Tax Cuts and Jobs Act (H.R. 1) Eliminates 1031 Exchanges for Art and Collectibles. What Advisors Need to Know.
Christopher E. Vroom, CFA / Nov 13, 2017
Proposed tax regulations that prohibit the use of a popular tax-deferral strategy for fine art and collectibles could result in accelerating transaction activity through year-end as owners seek to utilize pre-tax dollars to re-invest in higher value items.