August 09, 2021

How the Biden Administration’s Proposed Tax Plan Could Affect Real Estate

Long-term capital gains and qualified dividends for taxpayers with income over $1 million from 20% to 39.6%, beginning retroactively from April 2021

Key items you should be aware of if your business is in the real estate industry

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July 12, 2021

What to know about taxes when selling investment properties

Many individuals often overlook is tax liabilities

If you’re new to real estate investing, it’s likely you’re reading every book and article on the topic

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June 30, 2021

Like-Kind Exchanges To Be Limited Under Biden’s Tax Proposals

The limitation on like-kind exchanges coupled with increased tax rates on long-term capital gains could cause the 2022 tax bill of high-income real estate professionals to skyrocket.

Biden’s newly released Green Book provides further detail surrounding his tax proposals.

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June 30, 2021

1031 Exchanges Could Change Forever — What Do You Need To Know?

Study found that 88% of replacement properties acquired through 1031 exchanges were disposed of through a subsequent taxable sale

This section of the tax code has benefited investors large and small for 100 years.

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May 03, 2021

Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts

100 days into his administration, the president has called for partially eliminating like-kind exchanges.

Uncertainty surrounding capital gains tax break lingers

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June 30, 2021

43.4% Capital Gains Tax?

Biden officials leaked that they will soon propose raising the federal tax on capital gains to 43.4% from a top rate of 23.8% today.

Make that more than 55% if you live in New York or California.

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November 24, 2020

Biden Presidency May See Higher Individual Tax Rates, 1031 Repeal

Maybe not quite where he wants to get at 39 percent (top rate). But I do think you’re going to see a tax plan move in the first year.”

The thought process is, if you’ve got large capital gains, do you consider your options and recognize capital gains now, […]

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October 30, 2020

What is a 1031 exchange, and how do I take advantage of it?

There are plenty of rules and red tape associated with the 1031 exchange program. Read on for more details.

If it’s an investment property, rather than your primary residence, you can be taxed on your capital gains—i.e.,

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