President Joe Biden’s proposal for the next federal budget includes a number of tax increases as well as a plan to eliminate two tax advantages for real estate: the 1031 exchange and the carried-interest tax break.

 

https://www.bisnow.com/national/news/capital-markets/biden-budget-proposes-end-to-1031-exchanges-118036?utm_source=outbound_pub_191&utm_campaign=outbound_issue_65840&utm_content=outbound_link_5&utm_medium=email