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Updated over 3 years ago on . Most recent reply

User Stats

87
Posts
21
Votes
Ty Ottaberry
  • Rental Property Investor
  • Gilmer tx
21
Votes |
87
Posts

10-31 may be coming to a end for bigger investors

Ty Ottaberry
  • Rental Property Investor
  • Gilmer tx
Posted

Would Imagine someone has already posted about this . I just hopped off a zoom call with my CPA . Biden is enforcing a law To put a stop to the 10-31 exchange if the sale of the property is over 500k .

Something tells me he is just doing this to piss off Trump.

Wanted to here some other Opinions on this

Most Popular Reply

User Stats

591
Posts
807
Votes
Spencer Gray
  • Syndication Expert and Investor
  • Indianapolis, IN
807
Votes |
591
Posts
Spencer Gray
  • Syndication Expert and Investor
  • Indianapolis, IN
Replied

The $500k cap has been proposed, I doubt it will happen - there's just not the political will. Democrats own real estate too! 

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