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Inland’s Dan Goodwin: 1031 Exchanges Are No Loophole


[Reprinted today is an editorial by Inland Group CEO Dan Goodwin (pictured above) focused on tax reform. Namely, that efforts to clean up the federal tax code of unwanted loopholes should leave in place like-kind exchanges as provided under IRS Section 1031 – a favorite topic of our industry as it provides a significant tax shelter (deferment) for the continued investment in commercial real estate. To the surprise of nobody, Dan’s very much in favor of 1031, but his arguments take one tack I hadn’t seen used much before — that 1031 exchange sales do¬†generate local transfer taxes. -WG]

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