A Rumor of Change: The Death of the 1031 Exchange?
[{"id": "co3qlh2", "text": "I really hope it just stays a rumor.", "replies": [], "depth": 1}, {"id": "co3r0hr", "text": "I'm ok with this.  You still can defer 1 million per year.  Frankly if you have a million in gain its probably time to pay the piper his due.  Plus every arm chair legal scholar who watches fox news all day is going to show up at my office wanting to sell shit and buy something else so they don't have the pay the obama tax on their 100k gain or whatever they wouldn't of been taxed on anyways.", "replies": [], "depth": 1}, {"id": "co3wrif", "text": "This would hurt a lot of people in real estate. It's not just the principles who benefit from 1031 exchanges... You have brokers, agents, title companies, etc... ", "replies": [{"id": "co435f4", "text": "It most certainly would.  Been a hot topic of conversation over here.", "replies": [], "depth": 2}], "depth": 1}, {"id": "coh7yau", "text": "Yikes....Could make some big changes for 1 of my landlords, he does 2-4 properties a year via 1031. But, I do agree with numnumlobster, it is time to pay up at some time.", "replies": [], "depth": 1}]