Biden in his new plan seeks to stop 1031 for properties starting at $ 500k and up. It may…
Biden in his new plan seeks to stop 1031 for properties starting at $ 500k and up.
This could achieve the opposite result where large investors holding tens of hundreds of millions of dollars in multi-family portfolios will sell and compete in the market with 'first apartment' buyers in properties up to $ 500k.
The US president wants to cut back a tax break that allows investors to keep buying and selling properties without paying capital gains.
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