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1031 Exchange for Real Estate: Goodbye...

Matt33

Bronze Contributor
FASTLANE INSIDER
Speedway Pass
Apr 14, 2013
26
154
145
24
Tampa, FL
After 5 plus years of building my online business, I've now considered selling it the past year, and getting valuations from brokers between 4 and 5 million. Great... except all this Biden stuff.

Threatening to raise the capital gains tax to 43.8%, and retroactively from the date of that announcement in April. Now I'm having second guesses on selling. I'm trapped between a rock and a hard place, because the market's hot right now and I definitely see some economic turmoil coming up. So I'd like to sell.

My CPA is telling me slim chance to none they get the retroactive, but I just don't believe her. I'm having her look into things like structured sale annuities and other ways to save on the tax bill. But I just don't know if any of it's going to work. Freakin Biden
 

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