Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Real Estate / Commercial Real Estate / Commercial real estate industry fearful of Biden tax plan

Commercial real estate industry fearful of Biden tax plan

The tax plan proposed by President-elect Joe Biden could have a major negative impact on the commercial real estate industry. Biden’s proposal includes the elimination of like-kind exchanges, commonly referred to as a 1031 exchange, and would apply to real estate investors earning more than $400,000 annually. Brokers and real estate lawyers say stripping away the tax ...