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WHAT DO YOU THINK ABOUT THE DEFERRAL OF RECOGNITION OF GAINS FOR SECTION 1031 EXCHANGES? WERE YOU SURPRISED? DOES IT MAKE SENSE?? DID YOU KNOW

WHAT DO YOU THINK ABOUT THE DEFERRAL OF RECOGNITION OF GAINS FOR SECTION 1031 EXCHANGES? WERE YOU SURPRISED? DOES IT MAKE SENSE?? DID YOU KNOW THAT UP TO $250,000 ($500,00 IF MARRIED FILIMG JOINT) OF GAIN ON THE SALE OF YOUR PERSONAL RESIDENCE CAN BE EXCLUDED FROM INCOME?? ARE YOU SURPRISED? DOES IT MAKE SENSE TO YOU?

******PLEASE ANSWER IN SIMPLEST ACCOUNTING TERMS*******

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