NAR, KCRAR Advocate to Preserve 1031 Like-Kind Exchanges
Recently, the Biden Administration proposed a $500,000 cap on the 1031 like-kind exchange, which is a section of the U.S. tax code that allows investors to avoid paying capital gains taxes when selling an investment property and reinvesting the proceeds into a similar property. The National Association of REALTORS® and KCRAR are both advocating against […]
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