Will the 1031 Exchange Be Repealed? [Tax Smart Daily 024]

[@nicholasfoto9201]

Your channel is an amazing resource. Thank you for all the great information.

[@TheRealEstateCPA]

Thank you for the kind words! Please help us grow by sharing with real estate friends :)

[@goofybuilder]

These limits would not impact me, if I were to sell each house individually, If I sold as a portfolio however, the limit would effect me. by putting a limit of once a year, this takes away from Flippers and there use of the 1031 exchange. Anyone holding larger real estate this would effect, Unless you are able to pull the money out of the property before selling it.

[@TheRealEstateCPA]

Agreed! Thanks for leaving a comment and glad you're here :)

[@shore2625]

I think it would shutter transactions for sure. But strategies would just shift a little bit. I think you'd see more installment sales and I think there would be an increased demand for commercial properties and nightly rental opportunities because the potential for bonus depreciation in year one would help offset the gains from the sale of a highly appreciated residential unit.

[@TheRealEstateCPA]

Agree. Keep in mind bonus depreciation is going to start phasing out soon... to make matters worse :)

[@movie30000]

Bro, have you paid attention that mr. Gates has purchased ton of farmland. I personally don't see any ethics in the 1031 idea. I mean of anything a limit of 2 exchange has to be posed. No wonder such a large class gap has amassed over year