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Thread: Tax plan may hurt collectors

  1. 11-20-2017, 10:11 AM #1
    lopena
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    Tax plan may hurt collectors

    The House tax plan will eliminate "1031 exchanges" which allows a car or art collector to defer capital gains taxes if the proceeds from a sale are reinvested in "like kind" assets. Real estate investors (who must have better lobbyists) get to keep their 1031 exchanges.
    Alan
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  2. 11-28-2017, 02:05 PM #2
    Vintage Racer
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    Stay calm. It's a draft of a bill presented by the House to the Senate.

    I doubt any final bill, if ever passed, will resemble the rough draft. I'd beat that no tax bill may be passed.

    I like the new highs in the stock market (today) will all the indexes climbing the Wall of Worry to new highs. It's been a once in a lifetime run for stock investors. All long stock cap gains and dividend income are already at a lower tax rate in the current tax code.
    Doc
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