Proposed legislation would increase the hold period for long-term capital gains treatment on carried interests to five years. This change would create a conflict of interest for real estate fund managers by widening the disparity between fund managers and investors.
Read MoreThe American Families Plan proposes the elimination of the long-term capital gains rate. If passed as proposed, these tax changes are likely to reduce transaction volume and shift real estate investment focus from long-term gains to short-term returns.
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.
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