April 28, 2021
Crain’s New York Business quoted Tax Partner Peter Buell in an article about anticipated new federal rules for 1031 real estate exchanges.
Crain’s New York Business
By Aaron Elstein
Excerpt:
Buell said clients typically use 1031s to trade one underperforming property for another they find more desirable. The money they would have spent on taxes goes instead to improvements. “They put people to work,” he said.
