Build Back Better is Better for 1031 – For Now!

The Biden Administration’s framework for the Build Back Better bill has some good news for 1031 Exchangers such as:

  • No limitations on Sec. 1031 like-kind exchanges;
  • No increase in the capital gains tax rate;
  • No taxation of unrealized gains prior to sale (mark-to-market) or at death;
  • No repeal of step-up basis;
  • No increase in ordinary income tax rates for individuals or corporation.
 Source: IPX 1031

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