Biden’s Tax Plan to Limit 1031 Exchanges & Increase Capital Gains
America‘s Commercial Real Estate Show
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The 1031 Is on the Chopping Block All the Time
The 1031 exchanges support approximately 976,000 jobs generating $48.6 billion of labor income in 1997. All this economic activity generates over $13 billion in annual tax revenue for the federal, state and local government. The capital gains taxes get paid when the investor cash is out. So the money is going to be paid. It just is, you're lending it to growth.
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