How To Use A 1031 Exchange To Avoid Taxes In Real Estate Investing

In this video, we’ll discuss the pros, cons, and insights of filing for a 1031 exchange. This video holds significant value as it guides you through the correct steps for executing a 1031 exchange.

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Attorney Jonathon Evans, Esq. and I will cover the basics of a 1031 exchange, including the benefits and drawbacks. Furthermore, I'll explain if a 1031 exchange is suitable for you.

🔑 Key Insight: "What are the rules?" 3:35

A 1031 exchange, also known as a like-kind exchange, is a strategic method savvy investors use to defer paying capital gains taxes on an investment property. This is achieved by selling one property and then using the proceeds to acquire another 'like-kind' property. This process is governed by Section 1031 of the U.S. Internal Revenue Service Code, hence the name. However, it's important to note that some specific rules and timelines must be followed to execute a 1031 exchange successfully.

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Show Notes:
0:00 Intro
0:27 1031 Exchanges
2:46 Buy and Sell
3:35 Rules
8:12 Downfalls
11:15 Qualities
12:04 Don't Do That
14:10 1-Year Rule
16:16 Syndication
18:10 Asset Protection
19:09 Outro
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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