Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.
On this week’s episode of The Real Word, Byron and Nicole discussed what homeowners and investors need to know about President Joe Biden’s tax proposals. The two main components they focused on: the proposed tax rate increase on capital gains for households making over $1 million and the elimination of Section 1031 exchange.
“These are proposals; they have to get passed,” Byron said. “We, as real estate professionals, we need to be educated on this because we’re going to have questions from investors and homeowners it affects both.”
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