Select the best answer. Due to a change in the Tax Cuts and Jobs Act (TCJA), which of the following is true? A. Section 1031 exchanges are eliminated for 2018 and beyond. O B . Section 1031 exchanges of personal property are eliminated for 2018 and beyond. Section 1031 exchanges are now allowed for both real and personal property, regardless of whether the property is like-kind. For 2018 and beyond, 50% of the realized gain from a Section 1031 exchange must be OD. recognized in the year of the exchange. Submit Answers