About a month ago, one of our highly respected colleagues and a good friend of the Fortitude Investments Team Matthew Rappaport, Esq, LLM (an attorney in tax planning, structuring & compliance) shared a very informative article that we felt would be of value to our loyal blog subscribers. Mathew has helped us in numerous 1031 Exchanges and is a thought leader in the complexities of the American tax system.
In the following blog post, we shared a small excerpt from Matthew's original article on LinkedIn. In his article, Matthew explains the reasons why Opportunity Zone Investments Will Not Replace Section 1031 Exchanges. Here is a small portion of Mathew's original article on the Opportunity Program.
On November 18th, 2018, Matthew wrote: