Paying too much in capital gains tax is a major fear for investors. The old school solution, 1031 exchanges, leaves many people overpaying and over-stressed. With restrictive rules and timing, 1031 exchanges offer little possibility to diversify and no liquidity. We saw this firsthand when COVID-19 first hit and waves of Buyers were trapped in exchanges in a utterly changed markets – forced to buy (and likely overpay) something they didn’t even want. Brett Swarts has a better solution.
The start of a new year and a new administration in the White House means changes to the tax code. No matter the level of investor, it’s smart to stay up-to-date on how tax law changes can impact your bottom line.
Tracey Wilson of IPX1031joins us on the Podcast this week to discuss 6 major changes to the Tax Code