Unintended Consequences: A Deeper Look Into The 1031 Proposals And Its Real Estate Ramifications
In July 21, 2020, a senior campaign official for the Biden administration mentioned to Bloomberg a vague intention to limit the use of 1031 exchanges for real estate investors over a certain income threshold. Lost in the chaos of a COVID-19 summer, there hadn’t been any further mention of a proposed change to the 1031 parameters mentioned by then candidate and now President Biden. Still, considering the popularity of the like-kind exchange strategy among investors, and the pandemic driving federal deficit spending to new heights, the question is never too far from the minds of active investors...