Investors Fret as Biden Takes Aim at a 100-Year-Old Tax Loophole


Investors Fret as Biden Takes Aim at a 100-Year-Old Tax Loophole


Michael Clarke, a real estate investor, was able to defer taxes on his gains under Section 1031, a provision of the tax code that allows so-called like-kind exchanges.

The administration wants to rein in a tax deferral on gains from the sale of real estate. Opponents worry that the move would stifle investment.
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RSK: Another way to look at the value of the 1031 Exchanges....it is not just for the 1%. Many taxes and jobs flow back to the economy on an exchange, not just capital gains being withheld...

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- - Volume: 9 - WEEK: 25 Date: 6/15/2021 8:18:02 AM -