HOW WILL YEAR-END TAX CHANGES IMPACT YOU?
There are rumblings of legislative changes to tax laws that are affecting today’s inventory and decisions of homeowners.
The proposed change to 1031 exchanges would limit the amount of gain that would be allowed to be deferred under a like-kind exchange if the gain exceeds $500,000 per year for a single taxpayer, or $1 million in the case of married individuals filing a joint return. More information can be found at: https://www.accountingtoday.com/opinion/limiting-1031-like-kind-exchanges-and-what-that-means-for-the-real-estate-market.
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