In July, we wrote about how President Biden’s Green Book had proposed limitations on IRS Section 1031 Exchanges. That focus may have changed recently. It is anyone’s guess which policies from President Biden’s new tax plan will survive Congress, but on September 13,...
You can view an updated version of this article here. Real Estate Investors Beware President Biden’s Green Book was released on May 28, 2021, and the tax reforms include a proposal to limit the deferral of gain on the exchange of real property used in a trade or...
As expected, Governor Mike DeWine signed into law a bill that could provide significant relief for property owners whose property values were impacted by COVID-19 and related government lockdowns. SB 57 gives Ohio real property owners the opportunity to file...
Depending on the outcome of the upcoming presidential election, real property investors may lose the valuable benefit of capital gains deferral permitted under IRS Code Section 1031. This article explores how Section 1031 is utilized today, and what may happen to...