As seen in: NJBIZ
Ted Zangari, chair of the real estate department at the Newark-based law firm Sills Cummis & Gross. – (PHOTO BY AARON HOUSTON)
This article discusses the possibility of changes in deferral rules regarding 1031 exchanges. Ted Zangari stated that clients and their tax advisors want to unload now as they are not sure if the tax deferral will be around in a year. He went on to say, “…it doesn’t hurt that they’re not selling at a low point in the market – they’re selling at a relative high point in the market.”