Joe Biden wants to trash the 1031 exchange

[James Tedrow]

What do you all think about Joe Biden's tax plan and the elimination of the 1031 exchange?

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[Carl C.]

I wouldn't say the government's financial problems are solely related to to Demoract's policies. The current administration and Republican senate has been reckless with their spending to date. I thought they were supposed to care about financial conservatism and fiscal responsibility but that has not proven true at all. It isn't just one party that's the problem here.

Yes, losing 1031 exchanges would certainly hurt some of us but from a larger societal perspective you could ask what benefit does the American public get from allowing 1031 exchanges (devils advocate here). They are a nice benefit to an investor but I bet people will continue to invest in real estate even if it goes away.