Real Estate Exchange Fairness Act of 2021 This bill requires Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange for tax purposes. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
Referred to the House Committee on Ways and Means.
Taxation
Puerto RicoReal estate businessTax administration and collection, taxpayersU.S. territories and protectorates
Real Estate Exchange Fairness Act of 2021
USA117th CongressHR-1742| House
| Updated: 3/10/2021
Real Estate Exchange Fairness Act of 2021 This bill requires Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange for tax purposes. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)