Updated over 4 years ago on . Most recent reply
Biden administration capital gains and 1031 exchange
I'm not sure if this has been discussed, or discussed lately, but Biden announced his proposal to almost double the capital gains tax rate for high earning individuals to 39.6%, and up to 43.4% for some.
He has floated eliminating the 1031 exchange in the past, but I don't see that discussed in this latest proposal.
I have a property with over $200k in capital gains in it. Do these bills usually have a period of time before they are enacted to give investors time to do an exchange?