Repealing Section 1031: A Debate

Joseph B. Darby III was a panelist at the American Bar Association, Section of Taxation, 2015 Midyear Meeting. Mr. Darby's panel consisted of a Lincoln-Douglas debate between two opposing teams on the question of whether § 1031 should be repealed. The teams focused on the rationale for § 1031, on the revenue and compliance impact of repealing § 1031, and on the questions of whether § 1031 should be repealed in whole or in part or be returned to its roots. Each side had the opportunity to present its case and question the opposition.