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re: Biden wants to kill 1031 Exchanges (read this. it's important)

Posted on 7/22/20 at 6:06 pm to
Posted by stickly
Asheville, NC
Member since Nov 2012
2338 posts
Posted on 7/22/20 at 6:06 pm to
quote:

A similar option could apply to 1031. You can either roll it in but pay 40% once sold or you can pay 20% every time you sell to buy another property. Once again, don’t like it but gives investors options.


Or, how about we leave it alone? It is a temporary tax break that powers a huge part of the economy. The only loophole that should be closed is the inheritance loophole. Besides that it is an important part of keeping people employed and the economy moving forward.
Posted by Big Scrub TX
Member since Dec 2013
39784 posts
Posted on 7/22/20 at 8:15 pm to
quote:

A large number of old-line inherited wealth originated from RE...both Democrats and Republicans.
Yes, there you go. But people in this thread act like it's some inherent fact of existence.
Posted by stickly
Asheville, NC
Member since Nov 2012
2338 posts
Posted on 7/22/20 at 8:25 pm to
quote:

Yes, there you go. But people in this thread act like it's some inherent fact of existence.


Thanks for outing yourself as a progressive thinker. Ah..., progress smells like marxism...
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