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New Capital Gains being backdated to April 2021
Thoughts on the capital gains tax being backdated to April 2021? Do you think it will happen? Does anyone know when the senate will be voting on this? This increase from 20 to 39 percent will change the course of so many of my transactions (some not real estate related). Any insight/opinions appreciated!!
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Too early to tell. Neither party really has the ability to fully control the agenda so both are going to need to accept some significant compromise positions, and where that will fall is at this point just a pure guessing game.