Blake Callahan / Getty Images
- The 1031 exchange is a popular tactic that allows home sellers to avoid paying taxes.
- How it works: Money made from the sale of a property has to be quickly reinvested into another one.
- President Joe Biden's new budget pans it as an "indefinite interest-free loan from the government."
The Biden administration has signaled a renewed effort to get rid of a popular loophole that real-estate investors have long used to avoid paying taxes after the sale of a property.