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No. of Recommendations: 1

Good point about corporate taxes potentially going up, but a couple of things could counter any benefit for REITs/real estate.

1) Would the 199 deduction also get eliminated or reduced.

2) I heard Penny Pritker, a Biden advisor, proposal for increased taxes on real estate for those making more than $400k a year. Not much detail in the interview, but research showed it primarily to be a restriction in using 1031 exchanges.

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