Dan Wagner Defends Like-Kind Exchanges | Chicago Association of REALTORS®

IMG_4314editC.A.R. President Dan Wagner was featured on an Institute of Real Estate Management panel Tuesday in Washington, D.C., where he spoke about the necessity of the 1031 Like-Kind Exchange.

Current tax law permits an investor in real estate to defer capital gains taxes on exchanging an investment property for another property of like kind that is also held for investment, so long as the taxpayer satisfies numerous requirements and consummates a purchase of replacement property within 180 days of the transfer of the relinquished property.

Wagner, the senior vice president for government relations for the Inland Real Estate Group of Companies, is a long-time advocate for and defending of the tax code provision, as it helps individuals and companies alike re-invest and produce growth. Last week, he was named Illinois REALTORS® treasurer nominee during the Capitol Conference.

Wagner was joined on the panel by moderator Megan Booth, National Association of REALTORS®, and panelists Ryan McCormick, the Real Estate Roundtable, and Don Wilkerson, Gaston and Wilkerson Management Group.

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