On June 9, 2017, the DOL partially implemented its amended fiduciary rule (the «Fiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other
investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing
investment advice and, thus, a «fiduciary»,
unless an exception applies.
A 1031 deferred exchange lets you trade up to a
property or portfolio of
properties with higher returns or qualities that better match your investing goals — and you won't have to pay tax
on the new
investment until you sell (
unless you choose to do another 1031 exchange).