Biden’s Tax Plan to Limit 1031 Exchanges & Increase Capital Gains
America‘s Commercial Real Estate Show
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The Importance of the 1031 in Commercial Real Estate
In underserved communities, the 1031 is vital because it's one of the few economic development tools that people have to bring in capital into an area. An example in Chicago is Bronzeville and a marianos was able to be brought into this area for underserved folks. The other interesting aspect is that you have private unions like IBW 700 who said they got millions invested in REITs. And we had Baker Mackenzie did a study for them and it does show that the 10 31 is a vital tool to manage REITs."
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