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Biden's Tax Plan & 1031 Exchanges (September 2021 Update)

In April 2021, President Biden announced the "American Families Plan," which proposed to cap like-kind exchanges for gains greater than $500,000.

On September 13th, the House Ways and Means Committee finally provided draft legislation language, and we have good news, the proposed changes to Section 1031 were not included in the updated plan! So while there's a chance this could change, it is improbable that the proposed changes be reintroduced in future revisions.

After the American Families Plan was released, 1031 Crowdfunding launched a campaign in strong opposition of the proposed changes, and with your help, we sent over 700 letters to Congress voicing concern over the economic impact these changes would create.

Below is a map showcasing the states where investors sent letters to Congress through our site. Investors from states marked in blue participated. Darker blue indicates higher participation.

Section 1031 has been a meaningful tax policy since 1921, bringing numerous benefits to our Nation's economy. While this isn't the first administration to attempt to eliminate or change Section 1031, we are thrilled that Section 1031 like-kind real estate exchanges are safe.

This material does not constitute an offer to sell or a solicitation of an offer to buy any security. An offer can only be made by a prospectus that contains more complete information on risks, management fees and other expenses. This literature must be accompanied by, and read in conjunction with, a prospectus or private placement memorandum to fully understand the implications and risks of the offering of securities to which it relates. As with all investing, investing in private placements are speculative in nature and involve a degree of risk, including loss of your principal. Past performance is not necessarily indicative of future results and forward-looking statements and projections are not guaranteed to achieve the results described and your actual returns may vary significantly. Investments in private placements are illiquid in nature and there may be no secondary market or ability to sell the investment should the need for liquidity arise. This material should not be construed as tax advice and you should consult with your tax advisor as individual tax situations will vary. Securities offered through Capulent, LLC, member FINRA, SIPC.