Effect of tax changes on real estate investors

Most Popular Reply

Bill ExeterBusiness Member
1031 Exchange Qualified Intermediary · San Diego, CA · Member since 2008 · 1k+ posts · 1k+ votes
4y

Hi @Peter J Struck, 

The proposed tax policy changes that would effect 1031 Exchanges never made it into the House Ways and Means Committee mark-up nor the subsequent revisions released. The House voted and approved the current Bill, so no changes were included that would effect 1031 Exchanges.  It now moves to the Senate for action. 

Exeter 1031 Exchange Services, LLC and Exeter Trust Company4.726 Reviews
WebsiteView Page
2Reply
See this reply in the discussion

6 Replies

Jump to latestLatest
  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    4y

    Which ones specifically?

    0Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    4y

    @Peter J Struck

    You first. Tell us what tax changes will end up as the law, and we will reciprocate by telling you how they might affect some hypothetical investor.

    2Reply
  • Peter J Struck
    OP
    Investor · Member since 2021 · 14 posts · 2 votes
    4y

    The Biden Administration has proposed limiting Section 1031 exchange deferral to a maximum of $500,000 (single taxpayer) / $1 million (married taxpayers)

    0Reply
  • Bill ExeterBusiness Member
    1031 Exchange Qualified Intermediary · San Diego, CA · Member since 2008 · 1k+ posts · 1k+ votes
    4y

    Hi @Peter J Struck, 

    The proposed tax policy changes that would effect 1031 Exchanges never made it into the House Ways and Means Committee mark-up nor the subsequent revisions released. The House voted and approved the current Bill, so no changes were included that would effect 1031 Exchanges.  It now moves to the Senate for action. 

    Exeter 1031 Exchange Services, LLC and Exeter Trust Company4.726 Reviews
    WebsiteView Page
    2Reply
  • Leslie Pappas
    Professional · San Francisco, CA · Member since 2014 · 876 posts · 301 votes
    4y
    Originally posted by @Bill Exeter:

    Hi @Peter J Struck, 

    The proposed tax policy changes that would effect 1031 Exchanges never made it into the House Ways and Means Committee mark-up nor the subsequent revisions released. The House voted and approved the current Bill, so no changes were included that would effect 1031 Exchanges.  It now moves to the Senate for action. 

    Too many people on both sides of the aisle that have utilized the 1031, which as you know just turned 100 years old. 

    0Reply
  • Natalie KolodijBusiness Member
    Moderator
    Tax Strategist| National Tax Educator| Accepting New Clients · Member since 2014 · 3k+ posts · 4k+ votes
    4y

    The 1031 was cut on everything except real estate by the last admin- Don't count on it existing forever. Have multiple strateiges. 

    Podcast Guest on Show Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies
    Kolodij Tax & Consulting
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free