The Washington DC REAL Professionals Mastermind Group had one of their largest meetings to date, as 1031 exchange expert and entrepreneur Margo McDonnell (1031 Corp) and lobbyist David Franasiak (Williams & Jensen) presented their current observations of this tax provision to a packed house. Attendees learned about how 1031 exchanges operate, the benefits of using this tool, and why it may currently be on the chopping block for federal tax reform. Repealing the 1031 exchange and replacing it with 100% expensing would suddenly put investors on the hook for hefty capital gains taxes, potentially stymieing more-leveraged real estate companies, undermining land values and constraining supply on the real estate market.