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This Isn't Your Mother's 1031 Exchange by Lee Phillips

This Isn't Your Mother's 1031 Exchange

aka 1031 and Out!

by Lee Phillips


Title Details

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Audio Original
Running Time
1 Hr. 23 Mins.

Description

Sell your real estate and get another piece of real estate without paying any tax. That’s an old trick with 1031 exchanges. But, did you know you could sell your real estate, not pay the tax, and not end up with another piece of real estate? My clients that got out of real estate without paying the tax are sure happy today. Get a new look at 1031, because we’re not using your mother’s 1031 exchange any more.

There are many ways to use the IRS Code Section 1031 to save taxes.   Buying your new piece of property, and then selling your old piece has been standard practice for real estate investors for years.  Whether you want to sell one property and get another without paying the tax, or if you want to get out of real estate ownership, you need to know your options.  

Table of Contents:

  1. Introduction
  2. Like-Kind Exchange
  3. Legal Terminology
  4. Specific Rules for 1031 Exchanges
  5. What Happens to the Money in a 1031?
  6. Advantages and Innovations to 1031s
  7. What Professional Investors Look For
  8. Complexities of 1031 Exchanges
  9. TIC's, OIl and Gas, etc.

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