PRESS ROOMMEDIA COVERAGE ARCHIVE
When President Joe Biden released his $1.8 trillion American Families Plan in April, one of the ways he proposed to pay for the increased federal spending was to limit the Internal Revenue Code Section 1031 like-kind exchange deferral amount to $500,000. Daniel Wagner, senior vice president of government relations for The Inland Real Estate Group, LLC, shares why the change would cost the government more than it would save.
Keith Lampi, president and chief operating officer of Inland Private Capital Corporation, shares his insights into the history of IPC, being a leader in the 1031 industry and how Section 1031 is a vital tax tool that can drive economic development and more during iHeartMedia's Chicago "CEOs You Should Know" podcast. Listen to the full podcast by clicking the headline above.
In this guest column featuring Daniel Wagner, senior vice president of government relations at The Inland Real Estate Group, LLC, a pair of real estate professionals argue against a measure in President Biden's American Families Plan that could eliminate or cap so-called 1031 exchange investments, which allows investors to defer taxes on the sale of a property if the proceeds are used to buy a similar property.
Daniel Wagner, senior vice president of government relations at The Inland Real Estate Group, LLC, shares insight on why the Biden administration's plan to cap the 1031 exchange program is a recipe for economic stagnation, not recovery.
The Biden Administration’s current tax plan limits 1031 exchange deferrals to $500,000. Hear from Dan Wagner, senior vice president – government relations of The Inland Real Estate Group, LLC, on how this change to section 1031 could negatively impact tax revenues, 401Ks, jobs, neighborhoods, real estate values, and the economy.
Mitchell Sabshon, chief executive officer and president of Inland Real Estate Investment Corporation, shares insight and perspective on the changes going on in retail real estate and the types of investments the Company has made in grocery-anchored shopping centers.