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Updated almost 4 years ago, 01/08/2021

User Stats

156
Posts
73
Votes
David Hedges
  • Investor
  • Crown Point, IN
73
Votes |
156
Posts

Preparing for possible tax changes.

David Hedges
  • Investor
  • Crown Point, IN
Posted

I had been reading an article on marketwatch (https://www.marketwatch.com/st...), the part that stood out to me were the possible changes related to real estate that may be put into place. 

- eliminate the $25,000 exemption from passive loss

- eliminate section 1031 like-kind exchanges that allow deferral of capital gains

- eliminate rules that allow faster deprciaion write offs (I assume this is geared toward killing oppertunity zones)

- eliminate qualified business income deductions for profitable real estate activity

- elimination of basis step-up for inheritance 

I wanted to see if anyone is planning to make any changes or take any specific action mitigate any of these?

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