Biden’s $775B ‘caring economy’ plan would kill 1031 exchanges Joe Biden went after one of the real estate industry’s favorite tax benefits last month. The presumptive Democratic presidential nominee proposed his “caring economy” plan to fund a child- and elderly-care spending platform, in part by closing a loophole used by many commercial property investors. Biden proposed eliminating 1031 “like-kind” exchanges for investors with annual incomes greater than $400,000 as part of his plan to finance
source https://therealdeal.com/2020/09/28/biden-vs-trump-whats-at-stake-for-real-estate/
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