Commercial real estate industry fearful of Biden tax plan

December 10, 2020

The tax plan proposed by President-Elect Joe Biden could have a significant negative impact on the commercial real estate industry. Biden’s proposal includes the elimination of similar exchanges, commonly referred to as the 1031 exchange, and would apply to real estate investors making more than $ 400,000 annually. Brokers and real estate attorneys say the tax will be taken away … Full access to news articles on rbj.net will be available to Rochester Business Journal subscribers who are signed up. Subscribers can sign up on the Sign Up tab below. Others can join our audience today with a subscription.

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