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Main Street Business

199: The 1031 Exchange is Still Alive and Well

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 11 June 2018

⏱️ 46 minutes

🧾️ Download transcript

Summary

Real Estate investors are still using the 1031 exchange strategy and more than ever. With real estate values in most markets at a 10 year high, it's critical to understand the strategies and options of a 1031. Join Mark and Mat as they welcome Scott Saunders of Asset Preservation, Inc. to break down the basics and a few cutting edge strategies. Learn more at www.refreshyourwealth.com. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure...

Transcript

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0:00.0

Broadcasting worldwide on Internet Radio.

0:07.0

Refreshing takes on legal strategies.

0:10.0

Straightforward answers to difficult tax questions.

0:13.0

Independent ideas on building wealth.

0:15.0

It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.

0:19.0

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.

0:28.7

Now, here's Mark and Matt.

0:51.5

Yeah. Welcome, everyone to the Refrresh Your Wealth podcast with Matt Sornson and Mark Kohler.

0:56.1

This is yours truly, Matt Sornson. I am excited to be with my amazing host, co-host, Mark Kohler. And the audio, you're going to have to give us some

1:01.5

feedback today. We're trying something new, trying a new system here, so to speak, on the audio.

1:07.0

So give us some feedback. Hopefully it's sounding crisp and clear and better than it usually

1:12.1

does. We hope. Yeah. I mean, hey, it's all about your experience, people. We are so grateful

1:17.1

you're listening. This should be your tax illegal source on your podcast player. And we're going to

1:25.0

try to keep it real, keep it fun, have a good time with you, make you

1:27.9

laugh, make you cry, and just make you feel educated. It's edutainment at its best. And,

1:34.4

Matt, I'm just honored to be here with you today. Well, it's a privilege, it's a privilege,

1:39.3

my friend, to be joining you in the show today. Well, today is going to be a really important topic. This is one

1:46.1

that has grown significantly over the years, and that is the 1031 exchange. This is essentially

1:51.9

a way to defer gains when you sell real estate for a profit. So if you got a rental property with

1:56.4

some profit in it and you want to sell it and not pay taxes when you sell, this is a great way to

2:00.2

reinvest that money and not pay taxes. We'll be getting into the details on that and some

2:04.0

tricky situations and things to avoid. We'll be bringing on Scott Saunders, who's a expert in the

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