How will the election affect real estate?
What would a Trump win do for the real estate market? What would a Biden win do? Would either candidate really make an impact on the market or is the market indifferent?
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#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
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#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
Presidential Candidate Biden released his economic/tax plan in March. The plan included significantly reducing (eliminating) the 1031 Exchange. Their campaign will tell you that it only affects those who make over $400,000 in a year, but what they do not tell you is that the capital gain triggered by the sale of real estate would be included/counted as part of your income for the year. It would actually affect more people than what they lead you to believe. Here is a panel conversation with U.S. Congressman David Schweikert who sits on the House Ways and Means Committee http://go.inland-investments.c...
- Bill Exeter
