If the commercial real estate brokers had any sense they would be lobbying the shit out of their crooked ass Senators for bitcoin to be allowable in a 1031 swap.
Discussion
This would be a game changer. It would also force more of the issue of whether Bitcoin should be considered "property" or "foreign currency" for tax purposes.
It should simply be considered bitcoin and tax free 🤌
Agreed. One day. Until then we must bend the rules until they are so obviously stupid that they break.
yeah, 1031 stands in the way of a lot these brokers exit plans, but if they just humbly pay the cap gains on that building they could easily get it back rolling profits into bitcoin
if I was sitting on all this strip mall, useless office tower inventory that has been inflated I would be selling that shit so fast