The new Biden Tax Plan might be getting rid of the 1031 Exchange in real estate investing. TEXT ME: 210-794-9898 for Insider Tips, information on live streams, events, and amazing free resources!
This isn't the end of the world!
Like everything, we as real estate investors must adapt.
As of now, the 1031 Exchange will be going away after a certain dollar amount. So you must make sure you stay within that amount to still capture the benefits.
Brian also covers the 40% tax on capital gains.
This clip of An Investors Journey is from an interview that we had with Tax Strategist Brian Lang for our segment of Tips From The Pros. Watch the FULL interview here https://youtu.be/1X07sflytkw
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