Considering President Biden’s proposal to cut 1031 “like-kind” exchanges, how are real estate agents counseling clients? This week, we want to know what advice you’re giving to your investor clients.

Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second home markets soaring. What does the future hold for new second-home owners and for managers of more robust property portfolios? We’ll explore that and more, all May long, at Inman.

With President Joe Biden’s tax plan, the fate of 1031 exchanges is — as it has been before — in question. His proposal seeks to end the so-called like-kind exchanges for investors with annual incomes of $400,000 or more, which allows them “to defer capital-gains taxes when they sell properties by directing the sale’s proceeds into new investments,” according to Inman.

For real estate agents, this begs the questions: How should they advise investor clients on potential 1031 exchange changes now that it’s on the chopping block again? This week, that’s what we’re asking our readers to share.

We’ll compile a list of the top responses and post them on Inman next Tuesday.

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