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President Biden is Proposing $500K Max on 1031 Exchanges

The President has proposed limiting 1031 Exchange tax deferral to a maximum of $500K. The administration says the drastic change is part of the plan to “pay for” the cost of the $1.8 trillion American Families Plan.
This is a direct threat to Section 1031 Exchanges and the proposed limitation will have a severe negative impact on investment real estate and the economy

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1031 Exchange

What Is A 1031 Exchange?

IRC Section 1031: Tax deferral on the sale of a property used in a trade or business or held for investment when exchanged for like-kind

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