Tax,
Real Estate/Development
Dec. 19, 2019
Can Section 1031 exchanges and opportunity zones be successfully combined?
Although they are generally distinct sections with their own provisions, there is one possibility in which Section 1031 exchanges and opportunity zones can intersect.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Can 1031 exchanges and opportunity zones be successfully combined?
How do the provisions concerning Internal Revenue Code Section 1031 exchanges — which allow deferral of capital gains taxes on the sale of certain investment properties — apply to opportunity zones? Can they be successfully combined?
Although they are generally distinct sections with their own provisions, there is one possibili...
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