The PA/NJ/DE CCIM Chapter held a standing-room only luncheon in Lancaster, PA on February 10, 2017 featuring two industry experts in the field of 1031 Tax Exchanges and Tax Strategies: Margo McDonnell, President of 1031 Corp and Bruce Johnson, Partner at Capstan Tax Strategies. The two discussed the procedures and efficiencies and changes to the 1031 exchange and accelerated depreciation landscape. Recently, the future of 1031 exchanges has been uncertain, and this was an excellent opportunity for Commercial Real Estate Practitioners, Accountants, Owners and Managers to understand the benefits and potential impacts that may come. Most in attendance were unaware that the Commonwealth of Pennsylvania is one of the few states that do not specifically allow for 1031-type exchanges within their tax code, and there is a possibility for that to change as well.
Please stay connected to the PA/NJ/DE CCIM Chapter for additional updates and programs related to this, and so many other issues.
In this sold-out and informative event, CCIMs and their guests received up-to-date and eye-opening information on the state of the industry as it seems to be changing in real-time.