199: The 1031 Exchange is Still Alive and Well
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 11 June 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
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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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