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The Vital Role of Section 1031

by | Aug 1, 2021 | Blog

The Biden administration’s proposed tax plan contemplates limiting the application of section 1031 to exchanges with gains that do not exceed $500,000. Such a restriction would seriously curtail the use of section 1031 and would likely have debilitating effects...
Disclaimer: Eric Bicknese is a Registered Representative with Nationwide Planning Associates, Inc. Member FINRA, SIPC. Representatives are registered through, and securities are sold through Nationwide Planning Associates, Inc., Member FINRA/SIPC, located at 32-16 Broadway, 2nd Floor, Fair Lawn, NJ 07410. Investment advisory services are offered through NPA Asset Management,LLC. Insurance sold through licensed NPA Insurance Agency, Inc. agents. Nationwide Planning Associates and its representatives do not provide tax or legal advice. Consult with your tax advisor or attorney regarding specific tax issues. This advertisement is for information only. It is not to be construed as an offer to sell or a solicitation of an offer to buy any security or undertake any investment strategy. Specific recommendations can only be made by request and with the review of the client's investment portfolio. You are encouraged to consult your tax advisor to determine how an investment program will affect your individual tax circumstances.