This is great news for the commercial investor community, specifically the single person LLC... bf
Lynch signs 1031 exchange fix
As seen in New Hampshire Business Review
About 30 investors, assessed by the state Department of Revenue Administration for owing a total of $5 million in back taxes on various investments, are off the hook, thanks to a bill signed into law July 8 by Gov. John Lynch.
The bill retroactively allows investors to engage in real estate exchanges permitted by federal law without paying capital gains taxes.

