The Community Home Lenders of America (CHLA) on Tuesday unveiled a tax proposal designed to tap into trillions of dollars of assets locked up by capital gains tax consequences to help children or grandchildren buy their first home.

The national nonprofit says that it released the plan after President Trump recently expressed support for changes to the tax treatment of the sale of a personal residence.

The proposal, which is modeled after the commercial 1031 Starker Exchange concept, would exclude taxes on capital gains on the sale of up to $50,000 in stocks/bonds/mutual funds/publicly traded REITs, or taxable gains on the details ⇒

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