1031 Exchanges for real estate remain the same. Capital Gains Rates remain the same (ordinary income rates changed). Mortgage Interest Deduction for a primary residence or a second home is now limited to interest on debt of up to $750,000 (rather than $1 million). Interest on home equity loans will not be deductible unless the proceeds are used to substantially improve the residence. Exclusion of $250,000 Gain ($500,000 for married couple) Upon Sale ... Read more