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The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers. It has evolved into a beloved tool of property moguls, Fortune 500 companies and real estate trusts that can use it to create a daisy-chain of tax avoidance.
Goldman Sachs gave its backing to a start-up that aims to open up the SFR market to small investors, reports The Wall Street Journal. Hilton Hotels just had its best night since the pandemic began, according to CNBC. These are among today’s must...