With a new Presidential administration in office, tax planning is becoming increasingly more relevant and important to investors. When it comes to real estate and self-storage it is important to pay attention to newly proposed policies and plans that will have an impact on your investments. The Biden-Harris plan was published as a component of the platform for the Democratic Party and will require Congress to pass it; it will likely have extensive amendments before it is finalized. However, the plan is clearly taking aim at high earners and has many components that will have a meaningful impact on self-storage owners and investors.
II-2021: Taking a Closer Look at Proposed Tax Changes
