While Election Day has come and gone and Joe Biden appears poised to assume the presidency, legal action is still pending. But regardless of how these cases are decided, now you face a new choice: whether (and how) your real estate business should adjust its year-end tax and business strategies. Should you sell (or schedule closings for) properties now, or can it wait until 2021? What estate planning implications should you consider before year end? Will 1031/like-kind transactions be affected? How might regulations change, and will it impact your business?
In our recent webinar, “Real Choices: Election Results and the Year-End Real Estate Outlook,” JMCo partners John VanDuzer and Nadia Batey provided an outlook given the election’s results. Among other aspects, they discussed the Democratic Party’s tax proposals and the resulting key moves you should make before the end of the year.
Click the link above to watch the video of our webinar on demand!