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Danger lurking in Biden plan to eliminate or cap 1031s

The strength and resilience of the commercial real estate market has been tested many times over the last 100 years รขย€ย” never more so than during these past 16 months as the COVID-19 pandemic shuttered countless strip shopping centers, shopping malls, retail centers, and restaurants. It is estimated that up to 25% of strip shopping centers will go bankrupt. The fallout continues with hotels and office buildings. Virtual meetings will permanently replace significant business travel, and many ...
United States Al Coppin Real Estate Group Of Companies Ernst Young Chicago Association Keegan Coppin Company Inc

Implications of the Biden proposal on tax deferred exchanges

Implications of the Biden proposal on tax deferred exchanges Share On April 28th, 2021, President Biden revealed a slew of tax proposals including one that involved curtailing the use of a long-standing planning tool โ€” the Tax Deferred Like-Kind Exchange.ย  Flowing from Section 1031 of the Internal Revenue Code, Section 1031 exchanges are a key component of the investment real estate market, especially for small to mid-size investors. Section 1031 exchanges have long been credited with increa...
Davis Kuelthau Joe Tierney Real Estate Investment Kind Exchange National Association Of Realtors Federation Of Exchange Accommodators

New Research Highlights Economic Contributions of Like-Kind Exchanges

New Research Highlights Economic Contributions of Like-Kind Exchanges Share Article As Section 1031 faces threats from Biden Administration, research found like-kind exchanges generate $7.8 billion in federal, state and local taxes this year. โ€œItโ€™s a myth that Section 1031 is a loophole for the wealthy to avoid paying taxes,โ€ said Julie Baird, FEA President. ANKENY, Iowa (PRWEB) June 01, 2021 New economic research estimates ...
United States David Ling Milena Petrova Julie Baird Delaware Statutory Trust Federation Of Exchange Accommodators
Source: prweb.com

Part of Biden's tax increase would end longtime real estate tax provision

Print this article In this Oct 2, 2018, file photo, a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. (AP Photo/David Zalubowski, File) While President Joe Bidenโ€™s plans to increase the corporate tax rate and tax more capital gains have grabbed headlines, real estate investors are fretting over another proposed change to the tax code. Biden wants to abolish the right for investors to defer paying taxes on the gains they r...
United States New York White House District Of Columbia West Virginia Steve Wamhoff

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