What Will the Proposed Changes to Capital Gains Rates Mean for Real Estate Investors?
We have been talking about it, and with the Biden Administration, there is a new sheriff in town. With the new sheriff comes a whole lot of tax law changes that will have a major impact on real estate investors. One surprising proposed change is the change to the capital gains tax rates that are part of the proposed Build Back Better Act.
The last time we saw huge changes in the tax code was with the passage of the Tax Cuts and Jobs Act under the Trump administration. Now, the Biden administration has proposed to make some changes to the taxation on capital gains. This could definitely have a huge impact on real estate investors bottom-line! Let's read more to learn about the proposed changes to the taxation on capital gains.
TC: I removed the two paragraphs above this under the first subhead below. The intro was diving a little too much into the details/minutae. Now, following up this sentence above, let's add a "here's why real estate investors should care" type of sentence that will entice the reader to read "below the fold" (I guess that's a dated phrase, perhaps "get them to scroll down" will replace it).
Source Fool.com
