Edward Fernandez, president and CEO of 1031 Crowdfunding, contributes an op-ed article to CNBC.com explaining 1031 exchanges and Biden’s proposed limits to 1031 exchanges; as well as what those limits could potentially mean for investors and the economy. “Since section 1031 of the tax code hasn’t seen a major change since the Tax Cuts and Jobs Act in 2017, it’s a natural target for the Biden administration to generate additional revenue for the IRS,” explains Fernandez.
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