IRVINE, CA—Used by industries as diverse as rental cars andfarming, 1031 exchanges affect a broader swath of thebusiness world than many commercial real estateexecutives realize, making them an even more significant part ofthe tax-reform issue, Passco Cos.' president Larry Sullivan tells GlobeSt.com. With taxreform being a hot-button issue right now—and one of concern to theCRE industry—we spoke with Sullivan, an expert on the subject,about what we should know about tax reform and 1031 exchanges.
“First of all, I can only talk to you about tax reform as ofthis moment because it can change, and the whole situation is veryfluid,” Sullivan tells us. “As I have told several conferenceaudiences, expect the tax-reform journey to be a road trip filledwith many rights, lefts, roundabouts and unexpected detours.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
