The ever-changing tax world is, once again, changing and preparations cannot be delayed. While the future tax laws under the new administration are impossible to predict with 100% certainty, there’s plenty to consider, especially given that tax proposals can be enacted with a Budget Reconciliation Act, which cannot be filibustered.

This CLE course will present the most likely and significant tax proposals and how you and your client can be prepared. The course will cover the major income tax changes that would result from the potential loss of tax free exchanges for real estate under Section 1031, capital gain taxation at standard income tax rates, benefit decreases of qualified opportunity zones, corporate tax rate increases, individual rate rises and the potential restoration of a full state and local tax deduction and its particulars.

The course will also address potential changes to real estate planning which may include exemption reduction, limits on aggregate benefits of the annual exclusion, rate increases and more. Perhaps most significantly is the possible elimination of the tax free set up in basis. The course will not only address the changes that should be taken now but how to withdraw those changes without risk should future changes require.