Sure man! That sounds like a plan!
What impact will Biden have on real estate?
seanjean Sean Jean last edited by
Does anyone have any predictions on what impact the Biden Presidency will have on the livelihoods of real estate investors?
Biden wants to increase capital gains tax, do away with the 1031 exchange, and do away with pass through losses (ie losses from your rental real estate can no longer be used to offset your ordinary income). You tell me if that sounds good for real estate investors.
Mark Kohler, a CPA and tax attorney, breaks down the impact on small business owners in this video: