Lunch-N-Learn How to defer capital gains tax using a"1031 Exchange" by Russ Gullo, CCIM

Learn from one of America's most sought-after "1031 Exchange" trainers the basics of how a 1031 exchange works, the timelines, including the I.D. Period and the Exchange Period, what is meant by "like-kind," the value and debt requirement to defer capital gain tax, how the Qualified Intermediary works together with the real estate professional, different types of 1031 exchanges as well as the replacement property options available, plus much more.
All real estate practitioners should understand section 1031 of the IRS code: A 1031 exchange allows you to defer capital gains taxes when a taxpayer sells a property that is held for use in a trade or business or for investment, thus freeing more capital for investment in the replacement property(s).
The 1031 exchange may help you or your client keep the money working for you in another property(s) rather than paying that equity in taxes.

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