All Forum Posts by: Jim Berns
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Post: Biden's Proposes $500,000 Cap on Section 1031 Like-Kind Exchanges
Jim BernsPosted
- New to Real Estate
- Longview, TX
- Posts 1
- Votes 11
All of you who are comfortable with this since it won’t apply to you need to understand how the government chips away at things. The hardest step is getting the cap in place. Then, every so often they will lower it as they need to generate more revenue. This is a slippery slope that can have much greater long term implications than just $500k.