NEW YORK CITY—It's possible that Congress and the President could enact tax reform without fully considering the consequences to the commercial real estate industry and the US economy as a whole. So says Tom Georges, a director at Stan Johnson Co., who further chats with GlobeSt.com about 1031 exchange transactions in the Q&A below.
GlobeSt.com: Could 1031 exchange transactions be eliminated by new tax legislation?
Tom Georges: I personally think 1031 exchanges will survive, but I wouldn't bet the house on it. The possibility of a repeal of 1031 is more real than ever before. Intuitively, we'd think, “Trump's a real estate guy—he'll protect 1031 exchanges,” but not all action has been predictable thus far. It's possible that Congress and the President could pass tax reform measures without fully vetting the implications to the commercial real estate industry and the US economy as a whole.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
