The American Families Plan proposes ending the ability for investors to use Section 1031 to defer taxes on gains greater than $500,000. Business owners and real estate investors can take action now to minimize the tax impact of this and other proposed tax changes.
Read MoreThe real estate investment strategy of doing successive Section 1031 exchanges and planning for a stepped up basis upon death may no longer be viable if the Biden tax plan becomes law.
Read MoreRevenue Procedure 2020-34 provides a safe harbor for loan forbearances, lease modifications, and additional capital contributions needed due to the COVID-19 pandemic.
Read MoreMy son started at age three playing a 1/32 size violin, which with an eight-inch body looked more like a toy than a violin. A few months ago, my son traded in his ¾ size violin for a 7/8 size instrument, which is valued at 20 times the price we paid for that original 1/32 size violin nearly nine years before. When we made the most recent violin purchase, I realized how our “investment” in violins is like real estate investment.
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