Guest: Tracey Wilson

The table below is taken from Tracey Wilson's presentation at the Agent Ignite session. These are derived from his research. If you have questions, please visit his website. This is the BIG RED button he talks about in this presentation.
Here is the PowerPoint from this presentation.
Here are a few points covered:
1)American Rescue Plan: $1.9 trillion for COVID Stimulus Package
Passed even though $800 billion of the previously passed $2.2 trillion CARES Act (passed 3/20/20) had not been spent yet
2)American Jobs Plan: $2.3 trillion for infrastructure
Raise the corporate tax rate to 28%
Increase the global minimum tax paid to 15%
Impose a corporate minimum tax on book income
Eliminate tax benefits for the oil and gas fossil fuels sector
Increase corporate tax enforcement
3)American Family Plan: $1.8 trillion for universal pre-K, free community college, SLD $50K forgiveness, paid family leave
Raise individual income taxes
Raise cap gains tax rate
Increase estate tax
Limit step-up in basis

 
Nicole welcomes Tracey Wilson of Investment Property Exchange Services. You can find him at ipx1031.com. Ipx1031 has provided its clients with superior qualified intermediary services for three decades. And each year they assist thousands of clients and their tax and legal advisors by providing proven exchange solutions that best achieve the client's goals of enhancing their business portfolios and preserving equity. But he'll tell you more about that at the beginning of this episode. This is a two-part episode. There is so much to learn. This first one covers the basics you need to know as an agent and as an investor, about a 1031 exchange to avoid capital gains taxes. He will give you guidance, no matter how creative you think you are, he will have solutions and some recommendations to keep you out of hot water with the IRS. Listen to this episode now.