Proposed Tax Reform Bills Spare 1031 Exchanges
Robert G. Hetsler, Jr. J.D. CPA
Inspirational Leader, Spiritual Warrior, Life & Business Strategist, Author, Entrepreneur Talks about #Overcoming Adversity, #Leadership through Inspiration, #Belief System, #Success #Importance of Progress
This week we got the first glimpse into what tax reform may look like under the current administration. Most real estate investors were specifically concerned with proposed reductions or elimination of section #1031 and 1031 exchanges.
But investors across the country are breathing a sigh of relief, as neither the House nor Senate bill proposals include any changes to section 1031. However, there are some proposed changes that have those in the world of residential real estate shaking their heads.
Read more about why commercial real estate folks are cheering, while residential real estate pros are wondering what comes next.
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CEO, Small Multifamily Owners Association
7 年Of course they are. The tax plan is still a national disaster. It is the biggest redistribution of wealth to the top 1% of income earners in the history of this country. It creates more inequality, raises taxes on the middle class and adds 2 billion to the national debt. Trump's family personally stands to make billions if it becomes law.