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1031 Exchange on list of issues for discussion by commercial REALTORS®

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Members of the Commercial Committee meet to discuss issues affecting REALTORS® in Washington, D.C.

Day three in D.C. at the Midyear Legislative Meetings & Trade Expo begins with the Commercial Committee chairs and vice chairs at a breakfast meeting.

On the agenda? Discussions about protecting the 1031 Like-Kind Exchange.

Like-kind exchanges under Internal Revenue Code Section 1031, allow individuals and businesses to defer capital gains taxes when one property is sold and the proceeds are reinvested in a similar property. Such exchanges benefit not just the economy but also spur job creation, according to the survey.

For commercial REALTORS®, this is a big deal, and without it there could be serious ramifications for those who invest in properties.

 

Dan Wagner

Daniel Wagner is Senior Vice President of Government Relations for The Inland Real Estate Group of Companies. He has been a licensed real estate broker since 2004 and holds Series 7 and Series 63 Security licenses. Dan currently serves on numerous real estate industry, and governmental boards and committees. He is President of the Chicago Association of REALTORS® (C.A.R.) He serves on the Illinois Association of REALTORS® Board of Directors and is the Chair of the REALTOR® Political Action Committee Trustees. Dan also was recently elected Treasurer Elect for the Illinois Association of Realtors. For the National Association of REALTORS® he is the 2016 Commercial Liaison. He is also a commissioner on the DuPage Airport Authority and serves as the Chairman of the Authority’s Capital Development Committee. He is Chairman of the Greater Oak Brook Chamber of Commerce and actively involved with the Village of Oak Brook. He is also a Trustee for The Conservation Foundation. As a member of the International Council of Shopping Centers, Dan has been a significant contributor and advocate for the Marketplace Fairness Act currently in debate by the U.S. Congress. Dan is also a member of the Investment Program Association’s Public Affairs Committee and part of the Real Estate Roundtable’s 1031 Like Kind Exchange Coalition. He is a board member for the Civic Federation of Chicago and active in the Illinois Chamber of Commerce, Illinois Manufacturers Association, Illinois Retail Merchants Association and the United States Chamber of Commerce. In 2014, he received the Advocacy Award from the Illinois Park and Recreation Association for his work on behalf of special needs children in his community. Dan is a longtime volunteer for the Conservation Foundation and the Wellness House as well. In 2015, the Illinois State University Political Science Department honored Dan at the University’s Annual Homecoming Alumni Event. Dan obtained his Bachelor’s and Master’s Degrees from Illinois State University. Dan is married and has four children, three of whom are triplets.

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