Op-ed: What Biden’s proposed limits to 1031 exchanges mean for investors and the economy

Econ & Housing

manusapon kasosod | Moment | Getty ImagesAs part of President Biden’s 2023 budget, the administration proposed severe limitations to so-called 1031 exchanges.A 1031 exchange is part of the IRS tax code, allowing real estate investors to defer taxes by exchanging “like-kind” properties. The term “like-kind” refers to the nature or character of the property. These…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Mass Timber’s Resilience Makes It an Increasingly Popular Choice — but Are Insurers Pricing Its Risks Accurately?
Why wooden wind turbines are making a comeback in the net-zero age
Property Tax Revenue Climbs as Income Tax Receipts Decline Sharply | Eye On Housing
As rising mortgage rates push buyers to the brink, sellers are starting to cut prices
3D Printing in Construction: Materials, Applications, and Advantages