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New tax plan keeps spending by taxing real estate and eliminates 1031

New tax plan keeps spending by taxing real estate and eliminates 1031

by | May 13, 2024 | 1031 exchange, 2024 real estate predictions, Atlanta Hard Money, Atlanta Private Lending, Atlanta real estate trends, Biden tax plan, Colorado Hard Money, Colorado private lender, Denver Hard Money, General real estate financing information, Georgia hard money, hard money

In economics there is no free lunch and you can’t spend forever without paying the piper.  A new  recent tax proposal keeps spending while drastically increasing taxes on real estate owners. The new plan eliminates the 1031 exchange and the step up in basis upon...
What does Biden’s tax plan mean for real estate?

What does Biden’s tax plan mean for real estate?

by | Apr 17, 2023 | 1031 exchange, 2023 real estate predictions, Atlanta Hard Money, Atlanta Private Lending, Atlanta real estate trends, Biden tax plan, CO hard money, Colorado Hard Money, Colorado private lender, Denver Hard Money, Denver private Lending, Georgia hard money, Government Bailout, what happens to real estate if long term capital gains eliminated

Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate:  1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will have huge implications for...