President Biden’s 2023 budget proposal would bar taxpayers from using “like-kind exchanges” to shield more than $500,000 of capital gains from income taxes. Such a change would have massive impacts for 1031 exchanges. How should investors prepare? This timely forum will examine whether the reform is likely to be enacted and what industry groups are doing to address the proposal. It will also explore alternatives to 1031 exchanges, including Qualified Opportunity Zones and 721 Exchanges. And look at what options 1031 investors—including those in single-asset transactions and DST—may have for acting before any new guidelines take effect.