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.